On 12 September 2014, the ECB published an opinion (dated 25 July 2014) on the EC's proposed Directive concerning measures to ensure a high common level of network and information security (NIS) across the EU (known as the Cyber-Security Directive, the Network and Information Security Directive or the NIS Directive). The ECB generally supports the aim of the proposed Directive.

What this means for you

As NIS plays an essential role in facilitating cross-border movements, the resilience and stability of NIS is critical to the smooth functioning of the internal market. Firms interested in NIS may find ECB’s observations and proposed amendments to the Directive in the opinion conducive to their business planning.