CTPS 3.2 The CTP Fundamental Rules

1CTP Fundamental Rule 1: A critical third party must conduct its business with integrity.

1CTP Fundamental Rule 2: A critical third party must conduct its business with due skill, care and diligence.

1CTP Fundamental Rule 3: A critical third party must act in a prudent manner.

1CTP Fundamental Rule 4: A critical third party must have effective risk strategies and risk management systems.

1CTP Fundamental Rule 5: A critical third party must organise and control its affairs responsibly and effectively.

1CTP Fundamental Rule 6: A critical third party must deal with a regulator in an open and co-operative way, and must disclose to a regulator appropriately anything relating to the critical third party of which it would reasonably expect notice.