This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK rules for third parties 'critical' to financial services in effect from January

( November 12, 2024, 12:06 GMT | Official Statement) -- MLex Summary: The UK Financial Conduct Authority and Prudential Regulation Authority released jointly the oversight regime for critical third parties. CTPs are third-party services like cloud services providers that have been deemed to be "critical" to the financial services sector. The finance ministry makes the "critical" designation and those firms will come under the regulatory perimeter of the FCA and PRA to make them more resilient to cyber attacks and IT failures. The new rules will take effect from January 2025, but will only apply to a services provider after its critical designation from the Treasury takes effect.Joint foreword follows. Approach to oversight, supervisory statements, policy statement, approach to enforcement are attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login