Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

Alternative versions

  2. Point in time
    2015-04-24

SYSC 13.4 Requirements to notify the appropriate regulator

SYSC 13.4.1GRP

Under Principle 11 and SUP 15.3.1 R, a firm must notify the appropriate regulator immediately of any operational risk matter of which the appropriate regulator would reasonably expect notice. SUP 15.3.8 G provides guidance on the occurrences that this requirement covers, which include a significant failure in systems and controls and a significant operational loss.

SYSC 13.4.2GRP

Regarding operational risk, matters of which the appropriate regulator would expect notice under Principle 11 include:

  1. (1)

    any significant operational exposures that a firm has identified;

  2. (2)

    the firm's invocation of a business continuity plan; and

  3. (3)

    any other significant change to a firm's organisation, infrastructure or business operating environment.