Definitions › Digital (English)
critical or important function
Defined in 1 EU act of the Digital group: DORA First
DORA, Article 3(22) First adopted 2022-12-14
a function, the disruption of which would materially impair the financial performance of a financial entity, or the soundness or continuity of its services and activities, or the discontinued, defective or failed performance of that function would materially impair the continuing compliance of a financial entity with the conditions and obligations of its authorisation, or with its other obligations under applicable financial services law