CTPS 14.1 Referring to oversight by the regulators or Treasury designation

1A critical third party must ensure that it does not, and must take reasonable steps to ensure that any person acting on its behalf does not, in any way indicate or imply that the critical third party has the approval or endorsement of any of the regulators by virtue of:

1. (1)

   its designation as a critical third party; or

2. (2)

   being overseen by the regulators in respect of services it provides to firms.

1A critical third party must not, and must take reasonable steps to ensure that any person acting on its behalf does not, in any communication indicate or imply that the critical third party’s designation by the Treasury or oversight by the regulators confers any advantage to a firm or anyone else in using its services as compared to a service provider who is not designated as a critical third party.

1CTPS 14.1.1R and CTPS 14.1.2R do not prevent the making of statements that explain, in a way that is fair, clear and not misleading:

1. (1)

   that the critical third party has been designated by the Treasury;

2. (2)

   that the critical third party is subject to oversight by the regulators in respect of the systemic third party services it provides to firms; and

3. (3)

   the systemic third party services the critical third party provides to firms.