UK Financial Records
The records behind your FCA and PRA duties.
For UK financial firms: your firm profile, important business services, material third parties and operational resilience work, with incident report packs in your incident register, and a Coverage tab showing what you have recorded against the operational resilience rules. You make every decision and submit every report yourself.
What it does
Firm profile and important business services
The firm profile you record for your FCA and PRA duties, each answer yours, including not sure, with your important business services and impact tolerances. Vivid Risk decides nothing about which rules reach your firm.
Incident report packs
FCA and PRA incident report packs and reporting clocks, prepared from your own incident records. No clock runs for an incident discovered before its rules apply, and a firm that has not chosen its reporting tier gets none. You decide whether an incident is reportable. The packs are a data-preparation aid you check and submit yourself on the regulators' own forms.
Material third-party register
A register of your material third-party arrangements, with Form M and annual register exports. The exports are a data-preparation aid: you copy the values into the regulators' templates and submit through FCA Connect and RegData. You decide what is material.
Operational resilience records
Under SYSC 15A and, for PRA firms, SS1/21 and the PRA Rulebook's Operational Resilience Parts: mapping, testing, lessons learned, communications and a self-assessment with retained versions. Vivid Risk holds what you record and does not assess whether your firm meets the rules.
Coverage tab
For each requirement of the rules your firm's recorded answers have not ruled out (SYSC 15A and, for PRA firms, the PRA Rulebook's Operational Resilience Parts), whether you have recorded something for it on the other tabs, with the rule it comes from. Recorded means you wrote something down, not that you meet the rule or stay within a tolerance, and no row says so, beyond repeating a scenario-test result your firm recorded. It is not scored, changes nothing and does not decide which rules reach your firm.
Why it matters
- Keep your firm profile, services, third parties and resilience work in one area rather than across separate spreadsheets, with each incident pack on its incident.
- What you decide is recorded as yours: when your firm decided a threshold was met, whether an arrangement is material, and which rules you record as reaching your firm.
- The records you keep here never answer a control or change your score. If you select UK operational resilience, your assessment asks scored questions on the same rules, as a self-assessment, and the Coverage tab shows what you have recorded against them without scoring it. Nothing is filed for you.