As digital platforms continue to grow and evolve, new regulations are being introduced to ensure greater transparency, security, and fairness. Among these, the Digital Operational Resilience Act (DORA) and the Digital Services Act (DSA) are two key pieces of legislation introduced by the European Union. While these laws primarily apply within the EU, they can affect businesses and properties worldwide—especially those receiving guests from Europe.
What Are DORA and DSA?
1. DORA (Digital Operational Resilience Act): This legislation focuses on improving the operational resilience of digital services, ensuring that businesses can handle disruptions in their digital infrastructure. It emphasizes risk management, incident reporting, and operational continuity.
2. DSA (Digital Services Act): This law regulates digital platforms, establishing clear guidelines for content moderation, transparency, and accountability. It places increased responsibility on digital service providers to ensure a safe and lawful online environment for users.
Why Does This Matter for You?
Both DORA and DSA are designed to safeguard digital ecosystems, and as a channel partner, it’s essential that you stay compliant with these new requirements. Here’s how these regulations might affect you:
1. Global Impact: While these regulations are introduced by the EU, any property that hosts European guests or interacts with European-based platforms may need to comply. This could affect accommodation providers globally who are part of the international travel and hospitality network.
2. Compliance with Information Requirements: You may be required to collect and verify certain information from your accommodation partners, ensuring that their identity, business details, and risk management procedures are documented and aligned with these regulations.
3. Partner Transparency and Accountability: Ensuring that all accommodation partners meet these new requirements will help strengthen trust across the marketplace and reduce potential legal risks.
4. Digital Resilience: DORA’s focus on operational resilience may require you to implement stronger risk management and continuity plans. This will involve working closely with your partners to ensure their systems are secure and can withstand disruptions.
Compliance Deadlines: End of This Month (January)
What You Need to Do?
To ensure compliance with these regulations, you need to:
1. Verify Partner Information: Ensure that all accommodation partners provide up-to-date and verified business information, meeting the standards set by these new regulations.
2. Monitor Changes: Stay informed about the ongoing developments in DORA and DSA to ensure your platform and partners remain compliant.
3. Establish Clear Communication: Maintain open channels of communication with your accommodation partners to help them understand the necessary documentation and processes to comply with these laws.
By ensuring that you gather the required information and processes, you’ll remain compliant with the DORA and DSA legislation, strengthening the integrity and security of your business relationships.
Get Ready for the Future
The rollout of these regulations may seem complex, but staying ahead of the curve will help your business avoid disruptions and ensure smooth operations with your accommodation partners. Make sure you’re gathering the necessary information and working with your partners to comply with the new rules.
