The FCA have released their final rules as a result of the consultation at the end of 2021 on Operational Resilience.
Ensuring the UK financial sector is operationally resilient is important for consumers, firms and financial markets. Operational disruptions can cause wide-reaching harm to consumers and pose a risk to market integrity, threaten the viability of firms and cause instability in the financial system. The disruption caused by coronavirus (Covid-19) has shown why it is critically important for firms to understand the services they provide and invest in their resilience.
The new rules will come into force on 31st March 2022 and more information can me found in the AFEP members portal, with a webinar soon!