Regulation (EU) 2022/2554 on digital operational resilience for the financial sector is on the FinTech & Payments rulebook because its official title matches digital operational resilience. Source: EUR-Lex and European Parliament procedure file; company-specific applicability still depends on your activities. Methodology
Regulation (EU) 2022/2554 on digital operational resilience for the financial sector: what it means for FinTech & Payments
The Regulation (EU) 2022/2554 on digital operational resilience for the financial sector is part of the EU rulebook for fintech & payments. Its subject matter covers digital operational resilience — core to the sector. Here’s what the act does, why it’s on your radar, and how to see whether it affects your specific company.
- Act
- 32022R2554
- Type
- Regulation
- Stage
- Procedure completed
- Dated
- 2022-12-14
- Procedure
- 2020/0266(COD)
- Lead committee
- ECON
What the act does
to lay down uniform requirements concerning the security of network and information systems supporting the business processes of financial entities with a view to achieving a high level of digital operational resilience for the financial sector. PROPOSED ACT: Regulation of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council. BACKGROUND: this proposal is part of the Digital Finance package, a package of measures to further enable and support the potential of…
Why it matters for FinTech & Payments
FinTech and payments firms face one of the EU's densest rulebooks — payment services, electronic money, crypto-assets and operational resilience. These are the EU laws most likely to apply to you.
Regulation (EU) 2022/2554 on digital operational resilience for the financial sector sits in that rulebook because its subject matter covers digital operational resilience. Whether — and how — it applies to a given business depends on that business’s activities, products and markets.
Does the Regulation (EU) 2022/2554 on digital operational resilience for the financial sector apply to your company?
This act’s scope covers:
- digital operational resilience
Does your business touch any of these?
The rest of the FinTech & Payments rulebook
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Primary sources
The act’s summary is the European Parliament’s own procedure record; the sector connection is the act’s stated subject matter. Lex shows the law and the grounded connection — not legal advice. Data © European Union (Decision 2011/833/EU). Methodology.