Time for US-Based Fund Managers to Join DORA Bandwagon
Member David Adams was quoted by FinOps Report in an article focused on how Europe’s pending Digital Operational Resilience Act (DORA) could impact US-based fund managers. It also addresses why US fund managers should review their third-party service relationships despite ambiguity around the rule.
David said, “A US subadvisor for a European-domiciled fund may be forced to deal with DORA’s requirements because the European primary fund management firm will enhance its own cybersecurity or IT requirements for all service providers to comply with DORA.”
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