The FCA, PRA, and Bank of England have published their finalised critical third party (CTP) rules (and accompanying guidance) in PS24/16 Operational resilience: Critical third parties to the UK financial sector....more
11/25/2024
/ Bank of England ,
Compliance ,
Consultation ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
HM Treasury ,
Prudential Regulation Authority (PRA) ,
Regulatory Requirements ,
Supply Chain ,
Technology ,
Technology Sector ,
Third-Party ,
Third-Party Risk ,
Third-Party Service Provider ,
UK
The announcement in 2021 of the intention to implement new rules directly targeting the types of tech service provider relied on by most financial institutions may be a necessary corrective given the heavy market...more
2/12/2024
/ Bank of England ,
Cloud Service Providers (CSPs) ,
Compliance ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Financial Stability Acts ,
FSMA ,
Regulatory Requirements ,
Third-Party Service Provider ,
UK
The FCA is continuing to crack down on firms and ‘finfluencers’ using social media for non-compliant and illegal financial promotions and this week has announced plans to update its existing guidance on social media and...more