<ul><li>Financial regulators in the United Kingdom have issued new rules governing "critical third parties."</li><li>The regulations, expected to go into effect on January 1, aim to govern major tech companies working with financial firms in the UK.</li><li>The new rules grant regulators more power to take action against service providers if there's a threat to the financial system.</li><li>The regulations require critical third parties to work with regulators during operational incidents and demonstrate how they manage security risks.</li></ul>

Big Tech in Spotlight as UK Scrutinizes ‘Critical Third Parties’

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