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Estonia · Law · SE

422

Act amending the Financial Supervision Authority Act and other laws

avaldatud riigiteatajasEstonia· Riigikogu· ET

Introduced

29 April 2024

Last action

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Status

AVALDATUD_RIIGITEATAJAS

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Subjects

Discovery layer

Source updated

18 September 2024

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Summary

The purpose of the bill is to reduce the risk of interruption of business operations and important services in the financial sector, as well as the threat to the company's and customers' information and financial assets, which can be caused by cyber attacks, technical failures, and other operational errors. At the same time, in the event of attacks and disruptions, the company should have an action plan to ensure that services can be quickly resumed. Mitigation of such risks ensures better data protection, customers trust and business continuity. The draft ensures consistency between the law regulating the activities of the domestic financial sector and the European Union's digital operational efficiency requirements applicable to financial institutions.

Machine translation from Estonian. The official text remains authoritative.

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Documents

26 official files

Lõpptekst asice

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