BoE/PRA/FCA/HMT: PS24/16 Operational resilience – critical third parties to the UK financial sector
The joint BoE/FCA/PRA PS sets out the final requirements and expectations for critical third parties. Section 1.13 of the PS lists changes made in response to feedback, which the regulators do not consider that are significant. It is noted that the final policy and rules in this PS have also been informed by recent lessons learnt from operational incidents at third party service providers to the financial sector and other sectors. The final rules for CTPs will take effect from 1 January 2025. Alongside the PS, the following have been published: (i) SS6/24; (ii) SS7/24; (iii) the regulators’ approach to the oversight of CTPs; (iv) a joint foreword to the PS; (v) a joint statement on the approach to enforcement; (vi) HMT’s approach to designation of CTPs. These are available to download via the following links. A separate MoU between BoE, PRA and FCA has also been published.
Last updated · 13 Mar 2026
Regulatory News - Banking & Finance
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Further to CP14/25, this PS provides feedback and final policy. The policy in this PS will take effect on 1 April 2026.
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Text of Andrew Bailey’s speech of 12 March 2026 follows in which he discusses progress on the G20 Cross-border Payments Roadmap.
FCA: UK MiFID transparency calculations
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