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Delegated Regulations on oversight fees and critical ICT third-party service providers (DORA) and Delegated Regulations under MiCAR adopted

On 22 February 2024, the European Commission adopted crucial Delegated Regulations under the Regulation on digital operational resilience for the financial sector (DORA) and the Markets in Crypto-Assets Regulation (MiCAR). 

These regulations are part of the EU’s endeavor to bolster digitalization within the financial sector. DORA, effective from 17 January 2025, introduces an oversight framework for critical ICT third-party service providers, granting the European Supervisory Authorities (ESAs) exclusive competence to designate these providers. Additionally, MiCAR, with a more limited scope, focuses on firms active in crypto-asset markets.

The Delegated Regulations under DORA specify criteria for designating critical ICT third-party service providers and determine oversight fees. They also outline a two-step approach for assessing criticality and establish fees for oversight. Meanwhile, MiCAR’s Delegated Regulations further define criteria for significant asset-referenced tokens (ARTs) and e-money tokens (EMTs), supervisory measures, penalties, and EBA fees.

Following adoption, the European Parliament and the Council will review these regulations, and affected companies should stay abreast of these developments. 

For inquiries please contact:

RBI Regulatory Advisory

Raiffeisen Bank International AG | Member of RBI Group | Am Stadtpark 9, 1030 Vienna, Austria  | Tel: +43 1 71707 - 5923