The NIS2 Directive now applies to designated IT suppliers to financial companies as appointed by the Danish FSA
Published 18 October 2024
Category: Financial Regulation
As of today, the NIS-2 Directive[1] (“NIS2”) applies to the most important IT suppliers to the financial sector.
While the implementation of NIS2 in general has been postponed to 2025 take effect in Denmark, the Danish Financial Supervisory Authority (the “Danish FSA”) was already in May 2024, with a new Chapter 19 c of the Financial Business Act, provided with the legal framework for supervision of the financial sector under the DORA Regulation[2] and NIS2.
The Danish FSA informs that they now have appointed a number of IT suppliers as operators of financial digital infrastructure to which NIS2 applies. The Danish FSA will publish which IT suppliers have been appointed when the appointments are final, i.e. when the companies’ appeal period has finally expired. The statement from the Danish FSA can be found here.
The purpose of NIS2 is to strengthen cybersecurity by setting requirements for financial companies’ IT security, their reporting of security incidents, and risk management. Find more information on the authority given to the Danish FSA pursuant to a new Chapter 19c of the Danish Financial Business Act on Mazanti Pulse.
NIS2 does not apply to financial undertakings covered by the DORA Regulation. For these companies, the DORA Regulation will instead apply from 17 January 2025.
[1] Directive (EU) 2022/2555 of the European Parliament and of the Council of 14 December 2022 on measures for a high common level of cybersecurity across the Union.
[2] Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on Digital Operational Resilience for the financial sector, and