Title and introductory text
2026 No. 777 Financial Services And Markets The Critical Third Parties (Designation) Regulations 2026 Made 8th July 2026 Coming into force 13th July 2026 The Treasury make these Regulations in exercise of the power conferred by section 312L(1) of the Financial Services and Markets Act 2000 (“the Act”). Having had regard to the matters in section 312L(3) of the Act, in the Treasury’s opinion, a failure in, or disruption to, the provision of services by the persons designated by these Regulations could threaten the stability of, or confidence in, the UK financial system. Pursuant to section 312L(4) of the Act, the Treasury has— a) consulted the Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England; b) given notice in writing to the persons to be designated by these Regulations specifying a reasonable period within which those persons may make representations in writing about the proposal; and c) had regard to any representations made.
Propose a change