Post by Complissimo

🚨 𝗗𝗢𝗥𝗔 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴: 𝘁𝗵𝗲 𝗟𝗘𝗜 𝗰𝗼𝗱𝗲 𝗶𝘀 𝗻𝗼𝘁 𝗼𝗽𝘁𝗶𝗼𝗻𝗮𝗹 Under DORA service providers that take the form of a legal entity must be identified using either the European Unique Identifier (EUID) or the Legal Entity Identifier (LEI). 👉 𝗙𝗼𝗿 𝗻𝗼𝗻-𝗘𝗨 𝘁𝗵𝗶𝗿𝗱 𝗽𝗮𝗿𝘁𝘆 𝗜𝗖𝗧-𝘀𝗲𝗿𝘃𝗶𝗰𝗲 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝗿𝘀 𝘁𝗵𝗶𝘀 𝗲𝗻𝘁𝗮𝗶𝗹𝘀 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻 𝗺𝘂𝘀𝘁 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝗮 𝗟𝗘𝗜 𝗰𝗼𝗱𝗲 – 𝗲𝘃𝗲𝗻 𝘁𝗵𝗼𝘂𝗴𝗵 𝗺𝗮𝗻𝘆 𝘀𝘂𝗰𝗵 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝗿𝘀 𝗱𝗼 𝗻𝗼𝘁 𝗰𝘂𝗿𝗿𝗲𝗻𝘁𝗹𝘆 𝗵𝗮𝘃𝗲 𝗼𝗻𝗲. Recent supervisory guidance ahead of the upcoming 𝗗𝗢𝗥𝗔 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗰𝘆𝗰𝗹𝗲 leaves little room for interpretation: iIf a non-EU third party ICT-service provider does not have a LEI, institutions are expected to 𝘂𝗿𝗴𝗲 𝘁𝗵𝗲𝗺 𝘁𝗼 𝗼𝗯𝘁𝗮𝗶𝗻 𝗼𝗻𝗲. And if a provider is unwilling to do so, it raises an uncomfortable but important question: 𝙃𝙤𝙬 𝙘𝙤𝙢𝙢𝙞𝙩𝙩𝙚𝙙 𝙖𝙧𝙚 𝙮𝙤𝙪𝙧 𝙨𝙚𝙧𝙫𝙞𝙘𝙚 𝙥𝙧𝙤𝙫𝙞𝙙𝙚𝙧𝙨 𝙩𝙤 𝙨𝙪𝙥𝙥𝙤𝙧𝙩𝙞𝙣𝙜 𝙮𝙤𝙪𝙧 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙘𝙤𝙢𝙥𝙡𝙞𝙖𝙣𝙘𝙚? 💡 𝗧𝗵𝗶𝘀 𝗶𝘀 𝘄𝗵𝗲𝗿𝗲 𝘁𝗼𝗼𝗹𝗶𝗻𝗴 𝗺𝗮𝗸𝗲𝘀 𝘁𝗵𝗲 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲. With 𝗖𝗼𝗺𝗽𝗹𝗶𝘀𝘀𝗶𝗺𝗼’𝘀 𝗧𝗣𝗥𝗠 𝗺𝗼𝗱𝘂𝗹𝗲, the presence (and importance) of an LEI is: ✅ Automatically scanned and flagged in the pre-contractual phase ✅ Identified early, when you still have leverage to require compliance ✅ Prevented from becoming a last-minute reporting blocker And to remove friction entirely: 🔗 𝗖𝗼𝗺𝗽𝗹𝗶𝘀𝘀𝗶𝗺𝗼 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝘀 𝗱𝗶𝗿𝗲𝗰𝘁𝗹𝘆 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗚𝗟𝗘𝗜𝗙 𝗱𝗮𝘁𝗮𝗯𝗮𝘀𝗲. Simply type the third party’s name and 𝘁𝗵𝗲 𝗟𝗘𝗜 𝗶𝘀 𝗮𝘂𝘁𝗼-𝗳𝗶𝗹𝗹𝗲𝗱 into your DORA Register of Information, ensuring 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗼𝘂𝘀 𝗮𝘂𝗱𝗶𝘁-𝗿𝗲𝗮𝗱𝗶𝗻𝗲𝘀𝘀: ✅No manual searches ✅No copy-paste errors  ✅No time wasted If you want to 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻 𝘆𝗼𝘂𝗿 𝗗𝗢𝗥𝗔 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝘄𝗵𝗶𝗹𝗲 𝗿𝗲𝗱𝘂𝗰𝗶𝗻𝗴 𝘁𝗶𝗺𝗲 𝗮𝗻𝗱 𝗰𝗼𝘀𝘁, it starts with having the right controls 𝘣𝘦𝘧𝘰𝘳𝘦 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝘀 𝗮𝗿𝗲 𝘀𝗶𝗴𝗻𝗲𝗱. Reach out to Filip Meire, Sophie Peeters or Michael Boeynaems to learn more about how Complissimo supports DORA-compliant TPRM. #DORA #TPRM #OperationalResilience #ComplianceTech #RegTech #LEI #FinancialServices #ThirdPartyRisk