Context
The FCA has updated its operational resilience insights for insurance firms web page.
Key points to note
- Those firms which attended the recent UKGI London Workshop, or firms which participated in our Operational Resilience webinar on Tuesday of this week, will be aware of this topic as it was covered and discussed at both events.
- The FCA page was updated to reflect the fact that its new operational resilience requirements came into force on 31st March 2022.
Next actions
The requirements are applicable to Enhanced SM&CR firms. For Core SM&CR firms these requirements do not formally apply, but the FCA indicates that they should be regarded by Core firms as best practice.