According to the Investment Company Institute, the need for this no-action relief is urgent due to the impending 14 February 2025 deadline to file the first Form SHO reports
The Digital Operational Resilience Act requires the European Supervisory Authorities to assess the feasibility of incident reporting through a single EU hub
The Prudential Regulation Authority now expects to implement the standards on 1 January 2027, but it will continue to monitor developments in the US market
