{"id":260685,"date":"2025-05-28T00:02:06","date_gmt":"2025-05-28T00:02:06","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/legal\/corporate-law-and-governance-uk-hm-treasury-policy-statement\/"},"modified":"2025-05-28T00:02:06","modified_gmt":"2025-05-28T00:02:06","slug":"corporate-law-and-governance-uk-hm-treasury-policy-statement","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=260685","title":{"rendered":"Corporate Law and Governance: UK: HM Treasury policy statement"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<img decoding=\"async\" alt=\"\" border=\"0\" src=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEi_OoFgZDOaX65rndoX4Rh4lexRDyBX722WpomKG4GRnli3pEEkZCbOjwdqS7oxaOEs1eqITokfLAgf_cZc2668VgsaAebSx5wEGqU5cUfv2YMa7CqqOIu3Dls54LSe7-fwtk3d3bf9EhxY\/s610\/uk-lgflag.gif\" style=\"float: left; margin: 0px 10px 10px 0px; width: 75px;\"\/><a href=\"https:\/\/www.gov.uk\/government\/organisations\/hm-treasury\" target=\"_blank\">HM Treasury<\/a> has published a policy paper setting out, in general terms, its proposals to bring within the regulatory remit of the financial regulators certain third parties providing key functions and services to the finance sector (e.g., cloud-based computing services): see <a href=\"https:\/\/www.gov.uk\/government\/publications\/critical-third-parties-to-the-finance-sector-policy-statement\" target=\"_blank\">here<\/a>. To quote directly from the policy paper (para. 1.6): <\/p>\n<blockquote><p>Under this proposal, HM Treasury will \u2013 in consultation with<br \/>\nthe financial regulators and other bodies \u2013 be able to designate certain third parties<br \/>\nwhich provide services to firms as \u2018critical\u2019. The financial regulators will then be able<br \/>\nto make rules, gather information, and take enforcement action, in respect of<br \/>\ncertain services that critical third parties provide to firms of particular relevance to<br \/>\n  the regulators\u2019 objectives (which the regulators refer to as \u2018material\u2019 services).&#8221;<\/p><\/blockquote>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>HM Treasury has published a policy paper setting out, in general terms, its proposals to bring within the regulatory remit of the financial regulators certain third parties providing key functions and services to the finance sector (e.g., cloud-based computing services): see here. To quote directly from the policy paper (para. 1.6): Under this proposal, HM [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":111268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97],"tags":[11520,7727,12685,11572,4642,11220],"dealstore":[],"offerexpiration":[],"class_list":["post-260685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal","tag-corporate","tag-governance","tag-law","tag-policy","tag-statement","tag-treasury"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corporate Law and Governance: UK: HM Treasury policy statement - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=260685\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporate Law and Governance: UK: HM Treasury policy statement - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"HM Treasury has published a policy paper setting out, in general terms, its proposals to bring within the regulatory remit of the financial regulators certain third parties providing key functions and services to the finance sector (e.g., cloud-based computing services): see here. 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