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<p>Under the Financial Services and Markets Act 2000, both the Bank of England and
the Financial Conduct Authority have powers that require regulated firms to report
to them when that firm suffers operational disruption from a cyber attack.</p><p>
</p><p>Under the European Banking Authority’s Payment Services Directive 2 regulation,
firms are also required to report operational or security disruption of payments services
to the Financial Conduct Authority.</p><p><strong> </strong></p>
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