Operational Resilience

What is operational resilience?

Financial firms build resilience to withstand disruption to their business. New incoming rules will require UK firms and market infrastructure to prepare for incidents and remain within pre-identified and limited tolerances for failure. Policymakers around the world are developing similar standards.

Read our briefing for an introduction to the UK rules and explore our regulatory insights. 

When do the rules apply?

The UK rules will generally apply from 31 March 2022, although there is a transition period before firms and market infrastructure are required to remain within tolerance levels.

Visit our timeline which includes links to the key regulatory publications.

Podcasts series

We have a range of resources available on operational resilience including webinars which are available via our Knowledge portal. We have also launched a new podcast series where our lawyers take a closer look at operational resilience and share their insights on how to implement the rules.

Listen to our podcast.

How can we help?

We have a market-leading financial regulation practice which provides clients with risk advisory services. We also have one of the longest-standing privacy and cyber security practices in the world, with practitioners who not only understand data and crisis, but also technology and sourcing.

Read our flyer for more about how we can support your operational resilience programme.

Timeline and links to publications

October 2020 Consultations close

  • Consultation process ended on 1 October 2020

31 March 2022 Rules take effect

  • Deadline for identifying vulnerabilities in their operational resilience, identifying important business services, setting impact tolerances and carrying out mapping and testing.
  • Firms must remain within impact tolerances for each important business service as soon as possible after this date.

31 March 2025 All rules to apply

    Longstop deadline for remaining within impact tolerances.

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