Article 63 Amendment to Regulation (EU) 2016/1011

Summary What does Article 63 of the DORA regulation say?

This is a short amendment article that integrates DORA's requirements into the Benchmarks Regulation (EU) 2016/1011.

It does so by inserting a new paragraph into Article 6 of that regulation, specifically targeting administrators of critical benchmarks.

The new paragraph brings those administrators within the scope of DORA's ICT management standards, ensuring that the digital operational resilience framework applies consistently across this part of the financial sector as well.

Important points:

Administrators of critical benchmarks must have sound administrative and accounting procedures, internal controls, risk assessment procedures, and ICT system safeguards in accordance with DORA.
This article amends an existing regulation rather than standing alone, acting as a bridge that extends DORA's reach into the Benchmarks Regulation.
The obligation applies specifically to administrators of critical benchmarks, not to all benchmark administrators.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

In Article 6 of Regulation (EU) 2016/1011, the following paragraph is added:

‘For critical benchmarks, an administrator shall have sound administrative and accounting procedures, internal control mechanisms, effective procedures for risk assessment, and effective control and safeguard arrangements for managing ICT systems in accordance with Regulation (EU) 2022/2554 of the European Parliament and of the Council(⁴⁴).

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