Prudential Regulation Authority Rulebook

2.1

A firm must ensure the operational arrangements for the critical services it receives facilitate the effective execution of:

1. (1) its recovery plan; and
2. (2) the group recovery plan of its group.

2.2

A firm must ensure the operational arrangements for the critical services it receives facilitate the effective planning for and effective taking of actions in the event of:

1. (1) circumstances in which all or part of its business is likely to fail; or
2. (2) the failure of all or part of its business.

2.3

A firm’s operational and financial arrangements must ensure the continuity of the critical services it receives in the event of:

1. (1) circumstances in which all or part of the business of any member of its group is likely to fail; or
2. (2) the failure of all or part of the business of any member of its group.