What are the regulatory technical standards (RTS) and implementing technical standards (ITS)?

In addition to DORA itself, the European Supervisory Authorities (ESAs) have produced a number of regulatory technical standards (RTS) and implementing technical standards (ITS), which provide specific details on how DORA’s core pillars should be implemented.  These include an RTS that defines the structure of both a general and simplified ICT risk management framework, an RTS on ICT incidents classification, and an ITS that specifies the ICT service provider documentation that should be maintained by financial organisations, to name but a few.