United Kingdom

UK Statutory Instrument revokes A303 Development Consent Order

The UK government has issued a Statutory Instrument revoking the A303 Development Consent Order. This instrument formally removes the previously granted consent for a specific development project.

MHRA Modernises Medicine Information Delivery

The MHRA has launched a project to modernise how medicines product information is delivered to patients, aiming for greater accessibility and trust. This initiative includes research into the role of patient information leaflets.

Bank of England Operational Resilience Incident Reporting Guidance

The Bank of England has published Supervisory Statement SS1/26, outlining expectations for firms reporting operational incidents. This guidance, effective March 18, 2027, aims to enhance the operational resilience of the UK financial sector by ensuring consistent reporting of incidents that could impact financial stability.

Bank of England Supervisory Statement on FMI Operational Incident Reporting

The Bank of England has published a supervisory statement providing guidance on operational incident reporting for Financial Market Infrastructures (FMIs). This guidance, effective March 18, 2027, clarifies definitions, thresholds, and reporting procedures through the FCA Connect platform.

Revised Supervisory Statement on Outsourcing and Third-Party Risk Management for CCPs

The Bank of England has published a revised supervisory statement on outsourcing and third-party risk management for central counterparties (CCPs). This update provides specific guidance on interpreting definitions, managing risks, and meeting reporting requirements under the IOREP rules, taking effect on March 18, 2027.

Updated Outsourcing and Third-Party Risk Management Guidance for Payment System Operators

The Bank of England has updated its supervisory statement on outsourcing and third-party risk management for recognised payment system operators (RPSOs) and specified service providers (SSPs). This revised guidance clarifies definitions, risk management expectations, and reporting requirements, taking effect on March 18, 2027.

Bank of England Policy on Operational Incident and Third-Party Reporting

The Bank of England (PRA) has published a policy statement finalizing rules for operational incident and third-party reporting. The policy aims to enhance operational resilience by standardizing reporting and reducing firm burden, aligning with international standards like DORA and FSB FIRE.

Bank of England Publishes FMI Reporting Rules and Consultation

The Bank of England has published new operational incident and outsourcing and third-party reporting (IOREP) rules for financial market infrastructures (FMIs), effective March 18, 2027. A related consultation seeks to revoke a duplicative rule for CCPs, with comments due by June 18, 2026.

Updated Outsourcing and Third-Party Risk Management for CSDs

The Bank of England has updated its supervisory statement on outsourcing and third-party risk management for Central Securities Depositories (CSDs). The revisions clarify definitions, risk management expectations, and reporting requirements under the IOREP rules, taking effect on March 18, 2027.

Contract Awarded for Void Properties Refurbishment in London

The London Borough of Haringey has awarded a contract for the refurbishment of 5 void properties. The contract, valued at £653,694.47 excluding VAT, covers general re-wires, new kitchens and bathrooms, redecoration, and external works. This notice serves as a contract award notification.