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CTPS 4.9 Requirement 8: Termination of a systemic third party service

CTPS 4.9.1R

1A critical third party must have in place appropriate measures to respond to a termination of any of its systemic third party services (for any reason), including by putting in place:

  1. (1)

    arrangements to support the effective, orderly and timely termination of that service, and (if applicable) its transfer to another person, including the firm the service is provided to; and

  2. (2)

    provision for ensuring access to, recovery and return of any relevant firm assets to each firm it provides that service to and (where applicable) in an easily accessible format.