SORA Compliance Requirements

In plain language

If you are applying using a SORA, you must comply with either the SORA V2.5 or SORA V2.0 standards.

Requirement as structured

Applicants using a Specific Operational Risk Assessment (SORA) in support of an Operational Authorisation application must meet the requirements of either AMC1 Article 11 (SORA V2.5) or AMC1bis Article 11 (SORA V2.0).

Original regulatory text

Specific Operational Risk Assessment (SORA) in support of an Operational Authorisation application – the applicant must meet the requirements of AMC1 Article 11 Rules for conducting an operational risk assessment [SPECIFIC OPERATIONS RISK ASSESSMENT (SORA) (SOURCE: JARUS SORA V2.5) ] or AMC1bis Article 11 Rules for conducting an operational risk assessment [SPECIFIC OPERATIONS RISK ASSESSMENT (SORA) (SOURCE: JARUS SORA V2.0)].