1. As per Article 16(2) of the ESAs Regulations, the ESAs shall, where appropriate, analyse the related potential costs and benefits of issuing guidelines (impact assessment) and that analysis shall be proportionate in relation to the scope, nature and impact of the guidelines.
2. This analysis presents the impact assessment (IA) of the main policy options included in this Consultation Paper (CP) on the oversight cooperation and information exchange between the ESAs and CAs under DORA.
Problem identification
3. DORA introduces an oversight framework to the financial sector for all CTPPs designated in accordance with Article 31(1)(a).
4. In order to ensure a consistent and coherent supervisory approach and a level playing field where financial entities are using the ICT services provided by a CTPPs across Member States, it is important to have close cooperation between CAs and the ESAs through the mutual exchange of information and the provision of assistance in the context of relevant
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