[312L Critical third parties]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[Chapter 3C
Critical Third Parties]

[312L  Critical third parties]

[(1)     The Treasury may by regulations designate a person who provides services to one or more authorised persons, relevant service providers or FMI entities as a “critical third party”.

(2)     The Treasury may designate a person under subsection (1) only if in the Treasury's opinion a failure in, or disruption to, the provision of those services (either individually or, where more than one service is provided, taken together) could threaten the stability of, or confidence in, the UK financial system.

(3)     The Treasury must have regard to the

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