European Supervisory Authorities launch tools, templates for DORA dry run exercise

The European Supervisory Authorities (ESAs) – European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA) – have today published templates, technical documents and tools for a dry run exercise on the reporting of registers of information in the context of Digital Operation Resilience Act (DORA) announced in April 2024.

The materials published today include templates for the registers of information with examples (in Excel); a draft technical package for reporting, including a data point model; an optional tool to assist with the conversion of Excel templates; and a ‘frequently asked questions’ regarding the exercise.

All these materials are available on the dry run exercise webpage, according to the ESAs.

Financial entities can use these materials and tools to prepare and report their registers of information of contractual arrangements on the use of ICT third-party service providers in the context of the dry run exercise, and to understand supervisory expectations for the reporting of such registers from 2025 onwards, the trio added.

The participating financial entities are expected to submit their registers of information to the ESAs through their competent authorities between 1 July and 30 August.

The ESAs are inviting financial entities to take part in a dedicated workshop on 10 June 2024 with the aim to support their participation in the dry run exercise and introduce the materials and tools published today, it was announced.

The authorities stated that following the specification of the dry run exercise as announced in April, materials and tools published today are meant solely for the purposes of the dry run exercise as they are based on the final report on the Draft Implementing Technical Standards (ITS) on registers of information published and submitted in January 2024 by the ESAs to the European Commission for adoption and, therefore, do not reflect the final legal act adopted by the Commission.

The final technical package for the steady-state reporting, which will start in 2025, will be published later in the year.

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