The UK FCA has published ‘CP24/28: Operational Incident and Third Party Reporting’, a consultation document with a closing deadline of 13th March 2025.
The consultation document contains proposals for regulated organizations to report operational incidents as well as their ‘material third party arrangements’.
The FCA says that the proposals aim to bolster the existing operational resilience framework by establishing a consistent, sufficient, and timely framework for reporting operational incidents and material third-party arrangements.
Read the FCA consultation document
In conjunction with the above consultation launch, the UK PRA published ‘CP17/24 – Operational resilience: Operational incident and outsourcing and third-party reporting’. This also has a consultation of 13th March 2025 and covers similar ground to the FCA document.
