European fund and asset management association Efama has raised significant concerns over the proposed regulatory technical standards and implementing technical standards for the Digital Operational Resilience Act, the cybersecurity plan known as Dora, criticising the measures as excessively broad and disproportionate. Efama, whose Luxembourg member is Alfi, the Association of the Luxembourg Fund Industry, argues that a “one size fits all” approach will be inordinately burdensome, particularly for asset management companies.
Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.
A subscription is free for professionals working at banks and independent asset managers.
