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)
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)
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.