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United Kingdom: FCA, Bank of England, and PRA rules for critical third parties in financial services

Progress

Current status
in force
01 Jan 2025 in force
12 Nov 2024 adopted

Scope

Implementers
United Kingdom
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
central bank
Implementation Level
national

Timeline of events

01 Jan 2025
in force

Implemented FCA, Bank of England, and PRA rules for critical third parties in financial services including resilience testing and incident reporting requirements

On 1 January 2025, the Financial Conduct Authority (FCA), Bank of England, and Prudential Regulation Authority (PRA) rules to strengthen the resilience of critical third parties (CTPs) providing services to the financial sector enter into force. The…

Source
Event type order
Action type implementation
Government branch executive
Government body central bank
12 Nov 2024
adopted

Adopted FCA, Bank of England, and PRA rules for critical third parties in financial services including resilience testing and incident reporting requirements

On 12 November 2024, the Financial Conduct Authority (FCA), Bank of England, and Prudential Regulation Authority (PRA) adopted rules to strengthen the resilience of critical third parties (CTPs) providing services to the financial sector. The rules …

Source
Event type order
Action type adoption
Government branch executive
Government body central bank

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