The FCA’s regulatory perimeter derives primarily from from FSMA and the universe of secondary legislation surrounding it, particularly the Regulated Activities Order RAO.
We
recently noted that the UK Financial Conduct Authority (FCA) published the outcome of a review into the factors that determine failure or success when implementing technology change in the financial services sector and discussed the importance of this review for firms seeking to improve the operational resiliency of their technology change management process.
On March 29, the FCA, Bank of England, and Prudential Regulation Authority (PRA) jointly issued a policy summary and a number of consultation papers on operational resilience in financial services, reaffirming the focus of these financial services supervising authorities on operational resilience.
These newly published documents include