Authors: Victoria McGowan, Simon Treacy

Guide to the UK's critical third party regime

The UK has introduced a mechanism for regulators to oversee risks posed by vendors to the UK’s financial system. The government will deem some tech firms and other providers as being “critical”. Critical providers must meet rules that the UK financial regulators set, supervise and enforce. In this guide, we provide an overview of the CTP regime and compare it with the EU DORA oversight regime.