UK financial regulators to begin overseeing Critical Third Parties announced by the Treasury

The Bank of England (the Bank), the PRA and the FCA started overseeing the first critical third parties (CTPs) on Monday 13th July 2026, following designation by the Treasury.  CTPs are technology and other service providers whose services underpin the UK financial system. The Treasury has announced its first designations of 4 global cloud services and technology providers:

  • Amazon Web Services EMEA SARL.
  • Google Cloud EMEA Limited.
  • Microsoft Ireland Operations Ltd.
  • Oracle Corporation UK Limited.

CTPs must identify and manage risks to their critical services effectively, and maintain open, timely communication with regulators and the firms that rely on them, particularly during major incidents.

The FCA has, in a new web page, set out why CTPs matter, summarised the new oversight regime, explained what the regime means for CTPs, and explained how CTPs are ‘designated’.

UKGI is a trading style of UKGI Limited and UKGI Services Limited which are wholly owned subsidiaries within UKGI Group Ltd. UKGI Limited Registered in England No. 03544014. UKGI Services Limited registered in England No. 04953835. All Registered Offices Number 22 Mount Ephraim, Tunbridge Wells, England TN4 8AS. VAT registration number 347 2664 82.