What does "Competent authority" mean under DORA?
The national or European regulatory body designated under sectoral legislation or DORA to supervise compliance by financial entities.
Last updated: 22 August 2026.
DORA is Regulation (EU) 2022/2554. It has applied since 17 January 2025 to 20 categories of licensed financial entity, from banks to crypto-asset service providers. It requires an ICT risk management framework, major incident reporting within 4 hours of classification, an annual register of ICT contracts, and threat-led penetration testing every three years.
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