Published on 18 March 2026. Effective from 18 March 2027.
This supervisory statement (SS) sets out the PRA’s expectations of how firms should comply with the requirements in the PRA Rulebook for reporting an operational incident.
These requirements seek to support the operational resilience of the UK financial sector by collecting information from firms on operational incidents that pose a risk to the safety and soundness of firms, policy holder protection or UK financial stability. Further, the aim of the incident reporting policy is to set out clear and consistent reporting requirements and expectations for firms for when they experience an operational incident.
This SS is relevant to all:
- UK banks, building societies, PRA-designated investment firms, UK branches of overseas banks; and
- UK Solvency II firms, the Society of Lloyd’s, and its managing agents.
Supervisory statement 1/26