The European Commission has announced that it has decided to open infringement procedures by sending a letter of formal notice to 13 Member States for failing to fully transpose the DORA Directive.
The 13 countries are Belgium, Bulgaria, Denmark, Greece, Spain, France, Latvia, Lithuania, Malta, Poland, Portugal, Romania and Slovenia.
Member States had to transpose the DORA Directive into national law by 17 January 2025.
The European Commission says that full implementation of the legislation is key to strengthen the digital operational resilience of financial entities across the EU.
The 13 Member States have been give two months to respond and to complete their transposition and notify their measures to the Commission. In the absence of a satisfactory response, the Commission may decide to issue a ‘reasoned opinion’. This is a more formal statement which explains why the Commission believes the country is breaching EU law. It requests the country to comply within a set time limit. If the Member State still doesn’t comply, the Commission can refer the case to the Court of Justice of the European Union (CJEU).
