United Kingdom: PRA policy statement on outsourcing and third party risk management
Progress
Current status
adopted
29 Mar 2021 adopted
Scope
Implementers
United Kingdom
Policy Area
Data governance
Policy Instrument
Cross-border data transfer regulation
Regulated Economic Activity
other service provider
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Publication of outsourcing and third party risk management policy paper
The Prudential Regulation Authority of the Bank of England publishes its Outsourcing and third party risk management policy statement, including compliance obligations for the outsourcing of data by payment providers.
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central bank