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UK financial services operational resilience: comprehensive guide to PRA, FCA and BoE rules, scope, key requirements, incident and third‑party reporting, and timelines

Practice notes
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What is operational resilience?

This Practice Note outlines the key operational resilience requirements that apply to UK financial services firms. Operational resilience is the capacity of firms, and the financial sector, to prevent, adapt, respond to, recover from, and learn from operational disruption. It goes further than business continuity and disaster recovery and is a strategic priority for regulators around the world.

Operational resilience-in-scope firms

The summary below sets out the categories of firms within scope of the UK operational resilience regime and the applicable rules and guidance from the PRA, FCA and Bank of England.

  • Banks, building societies, and PRA-designated (ie systemically important) investment firms:
    • PRA/FCA/BoE joint paper: Building operational resilience: Impact tolerances for important business services
    • PRA Policy Statement PS6/21: Operational resilience: Impact tolerances for important business services
    • The Operational Resilience Part of the PRA Rulebook (CRR firms)
    • PRA Supervisory Statement SS1/21: Operational resilience: Impact tolerances for important business services
    • PRA Statement of Policy: Operational resilience (March 2021)
    • PRA Policy Statement PS2/22: Operational Resilience and Operational Continuity in Resolution: CRR firms, Solvency II firms, and Financial Holding Companies

This information supports firms in understanding the scope of the regime and the relevant supervisory materials...

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Web page updated on 29/05/2026

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