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DORA

Supervision of DORA, how does it work?

10
January
2025
Just a little longer, by Jan. 17 every financial institution in Europe must be DORA-proof. That's when this new law that better addresses IT risks goes into effect. You are probably already in the process of meeting the requirements. Several customers have already signed our new ANVA agreement. With this, they immediately comply with the current DORA requirements.

Vision of supervision

In meeting all the DORA requirements, you could probably use some help and context. We would therefore like to draw your attention to the document Toezicht in beeld 2024-2025 (Supervision in focus 2024-2025 ) of De Nederlandse Bank (DNB). In it, DNB gives an overview of its supervisory activities in 2025 and the priorities for the coming years. And insight into the risk picture of the financial institutions it supervises. Supervision in response to DORA is also described.  

Now, on the eve of the launch of DORA, the vision piece is a fine tool to gain insight into what you, as an insurer or financial services provider, are facing. Partly focused on resilience against increased cyber threats.  

In the figure below, for example, DNB explains the focus, priorities and areas of supervision. With anchoring in regular supervision on the one hand. And focus on renewed areas of supervision such as AI and DORA on the other.

Figure: from Supervision in Focus 2024-2025 by The Dutch Bank

‍Whatcan you expect from ANVA?

DORA stands for Digital Operational Resilience Act and aims to make organizations more resilient to cyber threats. ANVA is not a financial institution and is therefore not directly subject to DORA oversight. But we are involved as an external provider of IT services and DORA therefore impacts you as a customer and therefore us as a core business provider. 

We have therefore updated our agreements to meet the current DORA requirements of supervisors. These agreements have been available since November. You can choose to replace the existing ANVA agreement with this new DORA-proof agreement. Commercial agreements remain unchanged in this.  

Apply for a new DORA-proof ANVA agreement

Curious about the new ANVA agreement? Use the request form to request an anonymous reading version or a personalized version ready for signing.  

Want to know more?

You can find all the information relevant to you on our site in our DORA file.

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