17 October 2024

Understand the Resilience Act

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. What does DORA stand for?

  2. When does DORA come into effect?

  3. Which of the following statements is true? Statement 1, DORA is applicable on a direct basis to EU financial entities. Statement 2, DORA is applicable on an indirect basis to multinational financial services groups with EU operations

  4. Which of the following services are covered by DORA?

  5. Under DORA, who will oversee and regulate non-financial entities?

  6. Who will decide whether an ICT TPP is designated as 'critical'?

  7. How many tiers of provisions should be included in a financial entity's third-party service providers?

  8. Which of the following statements is true? Statement 1, financial entities whose contracts already comply with existing regulations are exempt from DORA. Statement 2, financial entities outside the EU that procure contracts within the EU for group of affiliates are exempt from DORA

  9. How can financial entities speed up the process of remediating contracts ahead of DORA's implementation?

  10. How can ICT TPPs prepare for DORA?

1 unit