UK FCA/PRA Operational Resilience Framework
Incident and third party reporting (made 2026, in force 18 March 2027) – UK FCA/PRA Operational Resilience Framework

UK FCA/PRA Operational Resilience Framework F-15.18: Report operational incidents that meet the thresholds, in phases for enhanced reporting firms

From 18 March 2027 a firm must report an operational incident (an event disrupting service to an external end user or affecting the availability, authenticity, integrity or confidentiality of their data) as soon as practicable once it reasonably believes the incident risks intolerable consumer harm, the safety and soundness of the firm or others, or market stability, integrity or confidence; the FCA expects this within 24 hours of that determination (payment service providers within 4 hours of detecting a major incident). Enhanced reporting firms (banks, building societies, designated investment firms, enhanced SMCR, Solvency II and CASS large firms, payment service providers, exchanges, trade repositories, credit rating agencies) must add an intermediate report on significant change and a final report within 30 working days of resolution (60 at the latest), using the prescribed fields and the FCA's online system.

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  • 32 Para 32 Notify APRA within 72 hours of a material operational risk incident

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