Context
The FCA has published the questionnaire it uses to help firms assess their operational resilience.
Key points to note and next actions
- The FCA’s work to ensure firms are operationally resilient continues and they have recently published the questionnaire they ask firms to complete when they make a Variation of Permission application.
- It is a document that firms must complete and submit to the regulator where they may be applying for a Variation of Permission (VoP) or as part of a new authorisation.
- Firms may find it useful to consider the question set and the responses they may provide, should the regulator approach them to ask about the steps they have taken to ensure they are resilient.