UK firms face 2022 deadline for resilience rules Regulators in the UK have given investment firms a one year deadline to improve their operational resilience. The policy statement (PS21/3) has been jointly issued by the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA) and the Bank of England. The rules come into effect on March 31, 2022, by which time firms must be able to identify vulnerabilities in their operational resilience and set impact tolerance levels for their most important business lines They will then have three years in which to perform mapping and testing and make the necessary investment to operate consistently within their impact tolerances.