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Guideline 2021

PRA Supervisory Statement SS2/21 - Outsourcing and third party risk management

Issued by Prudential Regulation Authority

Plain-English summary

Sets out the PRA's expectations on outsourcing and third-party risk management for UK banks, building societies, PRA-designated investment firms, Solvency II insurers and UK branches of overseas banks and insurers. The version in effect took effect on 31 December 2024; a later version published on 18 March 2026 takes effect on 18 March 2027.

Who it applies to

Banking · Insurance

Topics

Cybersecurity & IT Risk Operational Risk & Outsourcing

Official source

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