Category

Luxembourg

Category

In brief On 2 July 2024, the Luxembourg law (“Law”) implementing the new European framework for the effective and harmonized management of digital risks in the financial sector, namely the Digital Operational Resilience Act (DORA), was published in the Luxembourg official gazette. Like DORA, the Law will apply as of 17 January 2025. The Law designates the Commission de Surveillance du Secteur Financier (CSSF) and the Commissariat aux Assurances (CAA) as the competent Luxembourgish authorities responsible for ensuring that DORA is…