P26/23 – Operational resilience: Critical third parties to the UK financial sector – Bank of England Prudential Regulation Authority and the Financial Conduct Authority (FCA) Joint Consultation Paper 26/23 ꞁ FCA Consultation Paper 23/30
This consultation paper (CP) is issued jointly by the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA), and the Bank of England (Bank) (collectively ‘the regulators’). It sets out the proposed requirements to be established in rules and accompanying expectations for critical third parties (CTPs). For the purpose of this CP, a CTP is an entity that will be designated by HM Treasury (HMT) by a regulation made in exercise of the power in section 312L(1) of the Financial Services and Markets Act 2000Opens in a new window (FSMA) as amended by the Financial Services and Markets Act 2023Opens in a new window (FSMA 2023). Shared Assessments appreciates the opportunity to submit comments to the Bank of England Prudential Regulation Authority and the Financial Conduct Authority joint Consultation Paper on Operational Resilience: Critical Third Parties to the UK Financial Sector.