PS24/16: Operational resilience: Critical third parties to the UK financial sector

The Prudential Regulation Authority and Financial Conduct Authority issued Policy Statement PS24/16 to finalize rules on operational resilience for critical third parties. The document establishes a regulatory framework requiring these entities to identify important business services and manage disruption risks effectively. This policy ensures that the UK financial sector can withstand and recover from severe operational disruptions caused by its most vital external providers.

United Kingdom

Financial Conduct Authority

Consultation opened

07/12/2023

Consultation closed

15/03/2024

Policy Statement published

12/11/2024