3.1 Introduction
1. The Digital Operational Resilience Act (DORA) entered into force on 16 January 2023 and will apply from 17 January 2025.
2. DORA introduces an oversight framework to the financial sector for all designated CTPPs in accordance with Article 31(1)(a) of the DORA. According to Recital 76, the oversight framework is set up with a view to:
• promote convergence and efficiency in relation to supervisory approaches when addressing ICT third-party risks in the financial sector;
• strengthen the digital operational resilience of financial entities which rely on CTPPs for the provision of ICT services that support the supply of financial services;
• contribute, thereby, to the preservation of the Union's financial system stability and the integrity of the internal market for financial services.
3. The main actors of the DORA oversight framework are:
• the LO, one of the European Supervisory Authorities - (ESAs) appointed according to Article 31(1)(b) and responsible to
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