DORA Regulation and the LEI 🇪🇺
A Guide to managing LEIs under DORA:
The Digital Operational Resiliency Act (DORA) is new EU legislation as of 2024. DORA will mandate that Financial Services Firms (FIs) under its scope will be required to report o its Register of Information (RoI) its third party ICT Providers by way of LEI.
This is to ascertain not only where the main critical third party risks lie in FIs, but to whom.
The LEI provides a globally standardised means of identifying legal entities and their organisational structure.
What to do for FIs:
Identify who your ICT Third Party providers who need to be reported on on the register.
Discover if they have an LEI using the LEI Search Tool.
If Yes, click Save to Watchlist. If No, consult your ICT Provider and ask them to register one here, or register them yourself as a third-party.
Save all your ICT Providers LEIs to the Watchlist feature. Once you are satisfied you have all the required LEIs, export to .xlsx
Upload this exported data to your Register of Information for DORA compliance.
If you require any assistance please get in touch with our team using the contact links above.
If you require assistance with the broader scope of DORA, LEI Worldwide have partnered with the industries top DORA consultants and assuranmce platforms and we will help you get in touch.