UK Operational Resilience & Critical Third Parties - What You Need to Know

Introduction

On 12 November 2024, the Bank of England, the Prudential Regulation Authority and the Financial Conduct Authority introduced a major new regulatory regime targeting risks posed by critical third parties (CTPs). As UK financial firms and financial market infrastructures (‘FMIs’) rely more heavily on external providers, the stability of the entire sector is increasingly tied to the resilience of these third-party services.

Regulators have warned that a single point of failure - whether caused by a cyber-attack, power outage or other disruption - could have serious consequences for firms, consumers and the wider financial system. These new CTP rules arrived ahead of the operational resilience requirements for financial services firms which took effect in March 2025 and align with global initiatives such as the EU’s Digital Operational Resilience Act.

Understanding this new CTP framework is essential for organisations that depend on third-party technology, data and operational services. Knowing how the UK regime fits within the evolving international landscape will help firms anticipate expectations, reduce risk exposure and prepare for supervisory scrutiny.

This bitesize webinar explores what you need to know about the regulatory regime for CTPs in financial services.

What You Will Learn

This short webinar will cover the following:

• An overview of the policy, rules, and guidance in respect of critical third parties (‘CTP’) to the UK Financial Sector
• The CTP rules in the context of the broader financial services regulatory framework
• Alignment of the CTP rules with international regulatory trends and standards
• Implementation of the rules by the three regulatory bodies: the Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England

This pre-recorded webinar will be available to view from Tuesday 26th May 2026

Alternatively, you can gain access to this webinar and 2,100+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.