Buyer Name: Financial Conduct Authority
Buyer Address: 12 Endeavour Square, London, UKI41, E20 1JN, United Kingdom
Contact Name: Graham Wray
Contact Email: fcaprocurement@fca.org.uk
Contact Telephone: +44 2070661000
Consultancy & Skilled Persons Framework 3
Buyer Contact Info
Status
active
active
Procedure
open
open
Value
170000000.0 GBP
Gross: 204000000.0 GBP
170000000.0 GBP
Gross: 204000000.0 GBP
Published
15 Aug 2025, 18:27
15 Aug 2025, 18:27
Deadline
12 Sep 2025, 11:00
12 Sep 2025, 11:00
Contract Start
n/a
n/a
Contract End
n/a
n/a
Category
services
services
CPV
79411000 - General management consultancy services
79411000 - General management consultancy services
Region
n/a
n/a
Awarded To
n/a
n/a
Official Source
Open Find a Tender
Open Find a Tender
Description
The Financial Conduct Authority (FCA) and the Bank of England (BoE) are procuring a new framework agreement to replace the current Consultancy and Skilled Persons Framework. This will cover Skilled Persons, Consultancy and Multi-Firm Failure and will be broken into multiple Lots. Values stated at a Lot level are a very rough estimate as the use of this framework at this level is very unpredictable.
Linked Documents
No linked documents found for this notice.
Opportunity Context
More Information Links
External Link: https://www.find-tender.service.gov.uk/Notice/049298-2025
Link Description: Tender notice on Find a Tender
Lots
Lot Title: Client Assets and Safeguarding
Lot Description: Lot A: Client Assets and Safeguarding Advice, skills and technical expertise in some or all of client assets, safeguarding, stablecoin issuance, and cryptoasset custody. This will include skills, experience and expertise in areas such as, but not limited to: • Client Assets (CASS) and SUP 16 in the appropriate regulator’s Handbook, including governance, regulatory reporting and systems and controls arrangements associated with client assets. • Safeguarding requirements as set out in the Payment Services Regulations 2017 and E-money Regulations 2011, and the FCA Payment Services and Electronic Money Approach Document. • Safeguarding CP25/14: Stablecoin issuance and cryptoasset custody, and any subsequent publications and additions/changes to the appropriate regulator’s Handbook relevant to the issuance and custody of cryptoassets.
Lot 1 Status: active
Lot 1 Value: GBP 5,100,000.00
Lot 1 Value (Gross): GBP 6,120,000.00
Lot 1 Contract Start: 2026-04-01T00:00:00+01:00
Lot 1 Contract End: 2030-03-31T23:59:59+01:00
Lot 1 Award Criterion (quality): Technical (70%)
Lot 1 Award Criterion (price): Price (30%)
Lot Title: Governance, Accountability and Culture
Lot Description: Lot B: Governance, Accountability and Culture Advice, skills and technical expertise in assessing for regulated firms (or designated Critical Third Parties): • appropriateness and effectiveness of firm governance arrangements and frameworks • leadership and individual accountability, including the Senior Managers and Certification Regime (SM&CR) • organisational culture • effectiveness of governance in practice to provide oversight on delivery of outcomes and regulatory objectives, including consumer protection, safety and soundness. This should include, but not be limited to, knowledge of relevant regulatory requirements, standards, guidelines and industry best practice, and experience and expertise in assessing some or all of the following: Governance • Board composition, independence, succession plans, and holding executives accountable • effective committee frameworks and decision-making, including board and executive committees • appropriateness of governance structures for complex groups with many legal entities • management of conflicts of interest • purpose, risk appetite, business model, strategy and change management programmes (e.g. during transition, implementation and delivery) • policies and procedures. Leadership and Individual Accountability • leadership effectiveness • the SM&CR, including the assessment of the fitness and propriety of Senior Managers and certified staff, the embedding and application of the Conduct Rules, and individual accountability. Organisational Culture • psychological safety, diversity of thought, non-financial misconduct and inclusive cultures • whistleblowing processes and practices • people policies and practices (including remuneration, training and competence) • culture, including risk culture (which encompasses Prescribed Responsibilities for culture) • tone from the top, communication, and link with conduct • management information on culture • involvement across all levels of firms that encourages effective challenge and prevents harm by promoting inclusion of a range of views in the decision-making process.
Lot Lot B Status: active
Lot Lot B Value: GBP 13,600,000.00
Lot Lot B Value (Gross): GBP 16,320,000.00
Lot Lot B Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot B Contract End: 2030-03-31T23:59:59+01:00
Lot Lot B Award Criterion (quality): Technical (70%)
Lot Lot B Award Criterion (price): Price (30%)
Lot Title: Controls and Risk Management Frameworks
Lot Description: Lot C: Controls and Risk Management Frameworks Advice, skills and technical expertise in assessing for regulated firms (or designated Critical Third Parties) whether: • they have effective controls and risk management arrangements in relation to (i) identifying, escalating, monitoring and management of risks, (ii) taking a risk-based approach to deliver fair outcomes for customers, (iii) safety and soundness, and (iv) financial resilience • they have effective systems and controls to operate their businesses in line with regulatory requirements from an operational resilience perspective • their risk management frameworks are effectively embedded through the organisation resulting in an effective culture and approach to the management of risk - evidenced in the design, operation and oversight of controls across the three lines of defence. This should include, but not be limited to, knowledge of relevant regulatory requirements, standards, guidelines and industry best practice, and experience and expertise, in assessing some or all of the following: Effective Risk Management • risk management arrangements to identify, monitor, manage and escalate novel and emerging risks across all types of risk • risks in outsourcing arrangements (including third party and supplier change risk management). Effective Controls and Governance • a firm’s ability to self-identify and effectively control for all types of risk • effectiveness and strength of a firm’s Risk, Compliance and Internal Audit functions • effectiveness of a firm’s management information (MI), including how the MI is used to (i) identify, escalate, monitor and manage risks, (ii) to build model risk expertise, and (iii) to support effective management reporting • the preparation and reporting of regulatory returns and disclosures. Operational Resilience • firms have in place sound, effective and comprehensive strategies, processes and systems to identify important business services, and set appropriate impact tolerance for each one. This includes: o specifying the point at which a disruption would pose a risk to a firm’s safety and soundness (and, for Other Systemically Important Institutions (OSII), the stability of the UK’s financial system) o demonstrating their ability to operate within those tolerances through robust testing. • firms understand the impact of a disruption to consumers, firms’ own operations, market integrity and the wider systemic impact.
Lot Lot C Status: active
Lot Lot C Value: GBP 13,600,000.00
Lot Lot C Value (Gross): GBP 16,320,000.00
Lot Lot C Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot C Contract End: 2030-03-31T23:59:59+01:00
Lot Lot C Award Criterion (quality): Technical (70%)
Lot Lot C Award Criterion (price): Price (30%)
Lot Title: Conduct of Business
Lot Description: Lot D: Conduct of Business Advice, skills and technical expertise in assessing application of relevant conduct of business rules and requirements (and other considerations), and adherence to the Consumer Duty; and wholesale market conduct. This should include, but not be limited to, knowledge of relevant regulatory requirements, standards, guidelines and industry best practice, and experience and expertise in assessing some or all of the following to achieve good outcomes for customers: Products and Services • design, manufacture, value and distribution of financial products and services • sales, marketing and advertising, including disclosure requirements • approval of financial promotions Price and Value • products and services provide fair value and meet customers’ needs Consumer Understanding • customer communications • quality and suitability of advice Consumer Support • the fair treatment of customers, including those with characteristics of vulnerability • collections and arrears management • complaints and claims handling • management of conflicts of interest • past business reviews, file reviews, and redress exercises Other • appropriate implementation of whistleblowing processes and procedures including assessing the adequacy of investigations • firms’ oversight of appointed representatives. In addition, technical expertise in assessing additional considerations for wholesale market conduct, including: • upholding market integrity • ensuring effective market abuse systems and controls • managing conflicts and ensuring markets remain orderly in a range of market conditions. This will include assessing firms of various sizes and require skills, experience and expertise in a wide variety of product types and against all relevant regulatory and legal requirements including but not limited to the FCA Handbook, industry standards and best practice.
Lot Lot D Status: active
Lot Lot D Value: GBP 13,600,000.00
Lot Lot D Value (Gross): GBP 16,320,000.00
Lot Lot D Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot D Contract End: 2030-03-31T23:59:59+01:00
Lot Lot D Award Criterion (quality): Technical (70%)
Lot Lot D Award Criterion (price): Price (30%)
Lot Title: Financial Crime
Lot Description: Lot E: Financial Crime Advice, skills and technical expertise in assessing financial crime systems and controls (money laundering, anti-bribery and corruption, sanctions, terrorist financing, proliferation financing and fraud) and the effective governance of these areas. This should include, but not be limited to, knowledge of relevant regulatory requirements, standards, guidelines, industry best practice, and legislation – including experience and expertise in assessing the adequacy of firms’ oversight, systems, controls, and compliance with the following: • Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 • Financial Services and Markets Act 2000 • Proceeds of Crime Act 2002 • Terrorism Act 2000 • Terrorism Act 2006 • Economic Crime and Corporate Transparency Act 2023 • Anti-Terrorism, Crime and Security Act 2001 • Sanctions and Anti-Money Laundering Act 2018 • Fraud Act 2006 • Payment Services Regulations 2017 • Electronic Money Regulations 2011 • Relevant FCA SYSC rules • Joint Money Laundering Steering Group guidance • FCA Financial Crime Guidance • FCA Financial Crime Thematic Reviews.
Lot Lot E Status: active
Lot Lot E Value: GBP 5,100,000.00
Lot Lot E Value (Gross): GBP 6,120,000.00
Lot Lot E Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot E Contract End: 2030-03-31T23:59:59+01:00
Lot Lot E Award Criterion (quality): Technical (70%)
Lot Lot E Award Criterion (price): Price (30%)
Lot Title: Market Abuse
Lot Description: Lot F: Market Abuse Advice, skills and technical expertise in relation to market abuse and market abuse surveillance (including insider dealing and market manipulation) and the effective governance of these areas. This will include skills, experience and expertise in assessing the adequacy of firms’ systems and controls, and the investigation of areas including, but not limited to: • the UK Market Abuse Regulation (UK MAR) • the Suspicious Transaction and Order Reports (STOR) regime • relevant SYSC rules • Economic Crime and Corporate Transparency Act 2023.
Lot Lot F Status: active
Lot Lot F Value: GBP 5,100,000.00
Lot Lot F Value (Gross): GBP 6,120,000.00
Lot Lot F Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot F Contract End: 2030-03-31T23:59:59+01:00
Lot Lot F Award Criterion (quality): Technical (70%)
Lot Lot F Award Criterion (price): Price (30%)
Lot Title: Prudential – Deposit Takers, Clearing Houses, CSD, PRA-Designated invt. Firms
Lot Description: Lot G: Prudential – Deposit Takers, Recognised Clearing Houses, Central Securities Depositories and PRA-Designated Investment Firms Advice, skills and technical expertise in assessing whether firms have effective prudential arrangements and how these support safety and soundness and/or financial and operational resilience. This should include, but not be limited to, knowledge of relevant national and international regulatory requirements, standards, guidelines and industry best practice and experience and expertise in: • assessing and modelling risks (including, credit risk; traded risk; interest rate risk, liquidity and treasury risk; operational risk; settlement risk; cryptoasset technology risk; and climate risk) • calculating and modelling prudential requirements (including for capital, liquidity, large exposures, and non-financial resources) • reviewing the preparation and reporting of regulatory returns and disclosures • business, capital and liquidity planning (including ICAAPs, ILAAPs and stress tests, and for mergers, acquisitions and transfer of business) • recovery and resolution planning, implementation, and reporting (including Resolution Assessments).
Lot Lot G Status: active
Lot Lot G Value: GBP 5,100,000.00
Lot Lot G Value (Gross): GBP 6,120,000.00
Lot Lot G Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot G Contract End: 2030-03-31T23:59:59+01:00
Lot Lot G Award Criterion (quality): Technical (70%)
Lot Lot G Award Criterion (price): Price (30%)
Lot Title: Prudential – Insurance
Lot Description: Lot H: Prudential – Insurance Advice, skills and technical expertise in assessing whether firms have effective prudential arrangements and how these support safety and soundness and/or policyholder protection. This should include, but not be limited to, knowledge of relevant national and international regulatory requirements, standards, guidelines and industry best practice and experience and expertise in: • assessing risks arising from life and/or non-life insurance business, (including insurance risk, credit risk, market risk, counterparty default risk, operational risk, liquidity risk and climate risk) • business, capital and liquidity planning (including stress tests, mergers and acquisitions and transfers of business) • reserving and technical provisions • underwriting, claims handling and pricing • capital modelling – build and review, including the ability to assess insurance firms’ validation of internal models • reinsurance modelling and exposure management, including catastrophe risk, • actuarial modelling • asset-liability management • insurance Special Purpose Vehicles, insurance linked securities and valuation of assets, • merger and acquisition due diligence • reviewing the preparation and reporting of regulatory returns • recovery, solvent exit and resolution planning • captives (captives set-up, captives risk management including setting capital and technical provisions).
Lot Lot H Status: active
Lot Lot H Value: GBP 5,100,000.00
Lot Lot H Value (Gross): GBP 6,120,000.00
Lot Lot H Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot H Contract End: 2030-03-31T23:59:59+01:00
Lot Lot H Award Criterion (quality): Technical (70%)
Lot Lot H Award Criterion (price): Price (30%)
Lot Title: Prudential - Adequate Financial Resources for FCA Solo-Regulated Firms
Lot Description: Lot I: Prudential - Adequate Financial Resources for FCA Solo-Regulated Firms Advice, skills and technical expertise in evaluating whether solo-regulated firms have effective prudential arrangements, and adequate financial resources to ensure they meet threshold conditions and on-going regulatory requirements. This will require skills, experience and expertise across different prudential regimes, the FCA Handbook, FCA published guidance, International Accounting Standards, International Financial Reporting Standards and UK Generally Accepted Accounting Practice. This should include, but not be limited to, knowledge of relevant regulatory requirements, standards, guidelines and industry best practice and experience and expertise in assessing: • firm’s skills, systems and processes to calculate and hold appropriate level and type of capital and/or liquid resources to cover potential harm, and to put things right when they go wrong • firm’s skills, systems and processes to evaluate the viability and sustainability of their own business model and strategy; whereby firms consider forward-looking financial projections and strategic plans, under both business-as-usual and adverse circumstances that are outside their normal and direct control. The assessment of tail risk analysis should include elements like the stress test, reverse stress test and wind-down planning, together with the adequacy of the scenarios, its modelling and the governance of these areas • the preparation and reporting of regulatory returns and disclosures. Skills, experience and technical expertise should include but not be limited to: o credit, market, liquidity and operational risk o trading book: market risk, settlement risk, large exposures and/or the modelling of these risks, as well as regulatory reporting o any other risks that are inherent to the firm’s business model and that can lead to impair its ability to compensate for harm done o business, capital and liquidity planning (including Internal Capital and Risk Assessments (ICARAs), liquidity and stress tests, and for mergers, acquisitions and transfer of business) o recovery and resolution planning, implementation and reporting (including Resolution Assessments).
Lot Lot I Status: active
Lot Lot I Value: GBP 5,100,000.00
Lot Lot I Value (Gross): GBP 6,120,000.00
Lot Lot I Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot I Contract End: 2030-03-31T23:59:59+01:00
Lot Lot I Award Criterion (quality): Technical (70%)
Lot Lot I Award Criterion (price): Price (30%)
Lot Title: Information and Communications Technology and Cyber Risk and Resilience Mgt.
Lot Description: Lot J: Information and Communications Technology and Cyber Risk and Resilience Management Advice, skills and technical expertise in assessing whether regulated firms (or designated Critical Third Parties) have effective Information and Communications Technology (ICT) and cyber operational risk and resiliency management and culture to support safety and soundness / policy holder protection and / or operational resilience. This should include but not be limited to: • Knowledge of relevant national and international regulatory requirements, standards, guidelines and industry good practice, including: o Supervisory Statement (SS) 1/21 and Policy Statement (PS) 21/3; SS6/24 and PS24/16; and SS2/21 o Configuration of ICT infrastructure standards such as Internet Protocol Security (IPSEC) o ICT control frameworks, such as Control Objectives for Information and Related Technologies (COBIT), International Organisation for Standardisation (ISO) standards and Information Technology Infrastructure Library (ITIL) o Cyber and information security standards and frameworks such as National Institute of Standards and Technology (NIST), ISO27001 and family, NIST SP 800 Series, Open Web Application Security Project (OWASP), Centre for Internet Security (CIS), and SysAdmin, Audit, Network and Security Institute (SANS) o Project and programme management good practices such as PRINCE2 and MSP o Software development life cycles such as SSADM and RAD o Relevant ICT infrastructure, systems and application software. • and experience and expertise in: o ICT strategy, governance and culture o ICT risk management o Cyber and information security, governance and risk management o Threat intelligence and hunting o Security Operations (SOC) o Cyber response and recovery o Vulnerability management o Cryptography o Service mapping and design, systems architecture, development and maintenance o Incident and problem management, including playbooks o Project and change management, including transformation programmes, and associated risk management o Performance and capacity management o Data integrity, quality and migration o Identity and accesses management o Physical Environment security o Service continuity, testing and business continuity and disaster recovery management including response and recovery processes to mitigate severe but plausible scenarios o Third party management (third party risks from outsourced and offshore activities, including cloud services etc.), and service termination to minimise disruption o Regulatory Technology (RegTech), including regulatory compliance and reporting.
Lot Lot J Status: active
Lot Lot J Value: GBP 5,100,000.00
Lot Lot J Value (Gross): GBP 6,120,000.00
Lot Lot J Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot J Contract End: 2030-03-31T23:59:59+01:00
Lot Lot J Award Criterion (quality): Technical (70%)
Lot Lot J Award Criterion (price): Price (30%)
Lot Title: Threat Intelligence and Penetration Testing
Lot Description: Lot K – Threat Intelligence and Penetration Testing Provision of services by suppliers with a CBEST or STAR-FS accreditation in the following areas: • Threat Intelligence (TI) • Penetration Testing (PT) A Threat Intelligence supplier is required to have a CREST accredited CCTIM - CREST Certified Threat Intelligence Manager. A Penetration Testing supplier is required to have CREST accredited CCSAM – CREST Certified Simulated Attack Manager/CCRTM – CREST Certified Red Team Manager and CCSAS - CREST Certified Simulated Attack Specialist/CCRTS – CREST Certified Red Team Specialist
Lot Lot K Status: active
Lot Lot K Value: GBP 1,700,000.00
Lot Lot K Value (Gross): GBP 2,040,000.00
Lot Lot K Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot K Contract End: 2030-03-31T23:59:59+01:00
Lot Lot K Award Criterion (quality): Technical (70%)
Lot Lot K Award Criterion (price): Price (30%)
Lot Title: Credit Rating Agencies
Lot Description: Lot L: Credit Rating Agencies The provision of credit opinions to the standard of public issue credit ratings on financial assets. The service is to be provided by a credit rating agency that is registered or certified in accordance with CRA regulation.
Lot Lot L Status: active
Lot Lot L Value: GBP 1,700,000.00
Lot Lot L Value (Gross): GBP 2,040,000.00
Lot Lot L Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot L Contract End: 2030-03-31T23:59:59+01:00
Lot Lot L Award Criterion (quality): Technical (70%)
Lot Lot L Award Criterion (price): Price (30%)
Lot Title: Trade and Transaction Reporting
Lot Description: Lot M: Trade and Transaction Reporting Advice, skills and technical expertise in assessing the design and operational effectiveness of a firm’s trade and transaction reporting processes, reporting logic, systems and controls, and change management. This should include technology backed capability for data completeness and accuracy testing for one or more of the following regulatory reporting regimes: • Transaction reporting requirements in UK MiFIR and Commission Delegated Regulation (EU) 2017/590 (UK RTS 22) • Instrument reference data requirements in UK MiFIR and Commission Delegated Regulation (EU) 2017/585 (UK RTS 23) • The Regulatory Technical Standards for the maintenance of relevant data relating to orders in financial instruments: Commission Delegated Regulation (EU) 2017/580 (UK RTS 24) • Trade reporting requirements in UK MiFIR, Commission Delegated Regulation (EU) 2017/587 (UK RTS 1) and Commission Delegated Regulation (EU) 2017/583 (UK RTS 2) • Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories • EMIR Technical Standards on the Minimum Details of the Data to be Reported to Trade Repositories 2023; and on the Standards, Formats, Frequency and Methods and Arrangements for Reporting 2023 • The Technical Standards (Securities Financing Transactions Regulation) (EU Exit) (No 1 and No 2) Instrument 2020. In the context of the above regimes, this will include making recommendations for improvements to any weaknesses identified on the: • effectiveness of the policies and procedures • incident management process, escalation protocols and compliance risk management • reconciliation and exception management process • data governance, linage and traceability • governance, operating model, senior management oversight and audit • training, regulatory awareness and engagement, and culture in relation to regulatory reporting.
Lot Lot M Status: active
Lot Lot M Value: GBP 5,100,000.00
Lot Lot M Value (Gross): GBP 6,120,000.00
Lot Lot M Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot M Contract End: 2030-03-31T23:59:59+01:00
Lot Lot M Award Criterion (quality): Technical (70%)
Lot Lot M Award Criterion (price): Price (30%)
Lot Title: Financial Analysis
Lot Description: Lot N: Financial Analysis The provision of consultancy advice and expertise on finance related consultancy. This will include but not be limited to: • Audit and investigation • Statistical analysis and modelling • Financial analysis and modelling • Data analysis and visualisation, including for large data sets • Pensions and actuarial consultancy services, which may include inter alia broader market, product and risk analysis • Capital and liquidity assessments • Taxation, including but not limited to, corporate tax and value added tax • Quantitative expertise to address regulatory issues • Treasury management (Link Asset Services)
Lot Lot N Status: active
Lot Lot N Value: GBP 5,100,000.00
Lot Lot N Value (Gross): GBP 6,120,000.00
Lot Lot N Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot N Contract End: 2030-03-31T23:59:59+01:00
Lot Lot N Award Criterion (quality): Technical (70%)
Lot Lot N Award Criterion (price): Price (30%)
Lot Title: Economic Regulation and Analysis
Lot Description: Lot O: Economic Regulation and Analysis The provision of consultancy advice and expertise on competition and regulatory economics, including both theoretical and applied advice in relation to the regulation and analysis of financial services. The areas of expertise will include, but not be limited to: • Cost Benefit Analysis, including valuation of non-market impacts • Ex-post evaluation of policies, including process evaluation, impact evaluation and value-for-money evaluation • Experimental and quasi-experimental research designs • Econometric and qualitative research methods • Competition economics, including market definitions, supply-side and demand-side assessments • Assessment of consumer needs or preferences, including understanding specific consumer groups such as vulnerable consumers • Behavioural economics, including choice architecture • Microeconomics, including industrial organisation, strategic behaviour, game theory and incentive design • Financial economics, including the economics of wholesale financial markets • Macroeconomics, particularly relating to economic growth, productivity and international competitiveness • Economics of regulation, including price controls, infrastructure cost and cost of capital assessments • Regulatory strategy and policy, including regulatory approaches and remedy design
Lot Lot O Status: active
Lot Lot O Value: GBP 10,200,000.00
Lot Lot O Value (Gross): GBP 12,240,000.00
Lot Lot O Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot O Contract End: 2030-03-31T23:59:59+01:00
Lot Lot O Award Criterion (quality): Technical (70%)
Lot Lot O Award Criterion (price): Price (30%)
Lot Title: Business Consultancy
Lot Description: Lot P: Business Consultancy The provision of business consultancy advice relating to strategy, structure, management and/or Relevant Participating Authority operations. This covers advice and/or the delivery of complex, multi-discipline projects/work streams/programmes or portfolios. This will include, but not be limited to: • Transformation, strategy and management • Operating Models (including People, Technology, Process) • Process re-design and re-engineering • Strategy development and review • Change management (including communications and training) • Organisational design and development • Workforce transformation • Operational Resilience • Project / programme framework design – including methodologies, processes, artefacts and tooling • Full project/programme delivery and assurance & delivery across methodologies (i.e.Waterfall, Agile) • Reviews (including Value for Money review, Contract review and independent Peer review of projects/programmes) • Markets knowledge and technical knowledge (i.e. schemas and taxonomies such as SFTR/EMIR.
Lot Lot P Status: active
Lot Lot P Value: GBP 18,700,000.00
Lot Lot P Value (Gross): GBP 22,440,000.00
Lot Lot P Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot P Contract End: 2030-03-31T23:59:59+01:00
Lot Lot P Award Criterion (quality): Technical (70%)
Lot Lot P Award Criterion (price): Price (30%)
Lot Title: Technology
Lot Description: Lot Q: Technology The provision of consultancy services relating to the identification, design and delivery of technology including the resources, processes and assets to meet the Relevant Participating Authority objectives and/or end user service needs. This includes auditing current service provision, continuous service improvement and developing innovative services. This will include, but not be limited to: • Technology strategy & operationalisation, and architecture • Process design and improvement, including through Lean and Agile methodologies and the ITIL Framework • Digital Operating Models • AI • Capability Analysis (including process and technology) • Product and technology roadmap • Enterprise security services • Transition and transformation of existing technology services • User experience • Accessibility • Solution design and delivery • Test strategy and execution • Product lifecycle • Technical authoring
Lot Lot Q Status: active
Lot Lot Q Value: GBP 10,200,000.00
Lot Lot Q Value (Gross): GBP 12,240,000.00
Lot Lot Q Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot Q Contract End: 2030-03-31T23:59:59+01:00
Lot Lot Q Award Criterion (quality): Technical (70%)
Lot Lot Q Award Criterion (price): Price (30%)
Lot Title: Resource Augmentation
Lot Description: Lot R: Resource Augmentation The provision of ad-hoc resources to augment Relevant Participating Authority teams. The individuals will have an Relevant Participating Authority line manager and deliverables will be specific to the requirements of the assignment. These roles will typically be varied and be filled based on the skillset and the number of years’ experience. Typical roles will include, but are not limited to: • Forensic Accountant • Expert Witness • Change Management Specialists (all roles) • Data Specialists (all roles) • Actuaries • Economists • Strategy and Policy Specialists • Technology and Digital Specialists (all roles) NOTE: It is envisaged that staff supplied under this Framework will generally work alongside and report directly to the Relevant Participating Authority management throughout the duration of the engagement. Individuals will have to be employed by the providing Supplier. No third-party contractors or Associate models will be accepted. The individuals work will not require quality assurance by the providing Supplier. The above does not apply to an Expert Witness as they must be independent – the Supplier will remain responsible for the provision and conduct of the expert witness.
Lot Lot R Status: active
Lot Lot R Value: GBP 18,700,000.00
Lot Lot R Value (Gross): GBP 22,440,000.00
Lot Lot R Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot R Contract End: 2030-03-31T23:59:59+01:00
Lot Lot R Award Criterion (quality): Technical (70%)
Lot Lot R Award Criterion (price): Price (30%)
Lot Title: Forensic Accountancy/General Investigations
Lot Description: Lot S: Forensic Accountancy/General Investigations The provision of ad hoc forensic accounting and investigative services to support the work of the Enforcement operation. The services required will cover the full range of the Relevant Participating Authority’s regulatory and criminal remit and will include, but not be limited to: • Regulatory, criminal, civil or insolvency proceedings reviewing the full range of firms and senior managers, investigating unauthorised activity and attempting to get monies back for investors who have been sold unsuitable products. • The mis-selling of financial products, such as funds or pensions • Financial promotion issues including inappropriate or misleading advertisements • Misuse of client money • Corporate governance • Financial crime • Consumer Credit • Consumer duty • Cryptocurrencies/crypto assets • Systems and controls (with a particular focus on taking cases against senior managers) • Market abuse • Transaction reporting breaches • Issues of wholesale conduct (for example those relating to systems and controls or corporate governance failings within wholesale insurers or banks) • Unauthorised activity (including share fraud operated by boiler rooms, unauthorised collective investment schemes / deposit taking, get rich quick schemes and land banking) • General investigation work • Interpreting accounts (balance sheets, profit & loss accounts) • Analysing financial statements and cash flow, trading and banking analysis • File Reviewers - work alone or as part of a team to assess the information held on client files in terms of adequacy and compliance with industry standards/requirements; and identify key underlying issues and potential breaches of the Relevant Participating Authority rules • Witness statement takers - drafting clear and concise witness statements recording the evidence a person can provide; and producing (exhibiting) any documents provided by the witness in support; where applicable. Required is a working understanding of both the Civil and Criminal Procedure Rules); and to undertake straight forward data analysis including updating investigative and evidential spreadsheets and databases.
Lot Lot S Status: active
Lot Lot S Value: GBP 8,500,000.00
Lot Lot S Value (Gross): GBP 10,200,000.00
Lot Lot S Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot S Contract End: 2030-03-31T23:59:59+01:00
Lot Lot S Award Criterion (quality): Technical (70%)
Lot Lot S Award Criterion (price): Price (30%)
Lot Title: Risk/Risk Management
Lot Description: Lot T: Risk/Risk Management The provision of advice, skills and technical expertise in assessing effective controls and risk management frameworks, including identification and control arrangements to pre-empt, identify and mitigate risks. This will include but not be limited to • Knowledge of relevant regulations and guidelines • Creation, implementation and assessment of risk governance framework • How use of benchmarking / industry knowledge is demonstrated into the development of a framework • Risk appetite and risk acceptance approach • Assessment of internal control effectiveness (design and operational effectiveness, including control testing or validation within a Three Lines of Defence model (3LOD) • Stress testing of existing frameworks (including assessment models to ascertain risk maturity) • Expertise in operational risk (including people, data, information management, Op res, finance, cyber risk and comms risk management), strategic risk, compliance/legal risk, conduct risk, regulatory risk, and reputational risk management • Emerging risk identification and management • Strength of risk mitigants • Third party risk Management
Lot Lot T Status: active
Lot Lot T Value: GBP 8,500,000.00
Lot Lot T Value (Gross): GBP 10,200,000.00
Lot Lot T Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot T Contract End: 2030-03-31T23:59:59+01:00
Lot Lot T Award Criterion (quality): Technical (70%)
Lot Lot T Award Criterion (price): Price (30%)
Lot Title: Multi Firm Failure
Lot Description: Lot U: Multi Firm Failure Introduction As part of our crisis response framework, we require access to external consultants who can be deployed at short notice if a multi-firm failure (MFF) event arises. These consultants would temporarily supplement case teams in our Resolution & Insolvency (R&I) department during the acute phase of the crisis. We envisage that the length of this phase would be approximately two weeks, although it could be longer. We hope that this facility is never needed, so there is no guaranteed volume of work; but ongoing readiness to deploy at short notice is essential. We are inviting bids for this lot from specialist restructuring and insolvency firms, or wider professional services firms with restructuring and insolvency capabilities, who can provide consultants on short notice. Ten bidders will be appointed to the panel (provided that ten or more achieve the pass mark), plus any firms that are tied for tenth place. It is unlikely that a crisis will require the FCA to draw on all of the bidders appointed to the panel. The FCA will therefore allocate crisis work among the different panel firms at its discretion. This allocation will be carried out on an equitable basis, in line with the FCA’s legal duties and having regard to sector-specific capabilities and any other factors relevant to the work. Requirements • Bidders must have the capability to lead and support on creating and delivering effective strategies for the resolution of failing financial services firms, including in the context of large, complex and high-profile crisis events. • Bidders must be able to provide consultants who have sector-specific capabilities to lead or support on projects involving: o banks o payments firms (payment services firms and e-money issuers) o asset managers o wealth managers o credit unions o insurers and insurance intermediaries o platforms o wholesale brokers o central counterparties. This is not an exhaustive list, but bidders should meet at least three of these categories. • Bidders must be able to provide consultants who are familiar with how the Authorities (FCA, Bank of England, PRA, HM Treasury, FSCS) operate in a crisis. • Bidders must be able to provide the consultants within 24 hours of being notified by the FCA of a crisis situation arising. The consultants must be able to hit the ground running in a high-pressure environment. • Once a consultant has been allocated to a case, they cannot be substituted. Therefore, each consultant must be able to continue working full-time for the FCA throughout their assignment, which is likely to last around two weeks (but may take longer). • We will have periodic touch points with the consultants, including training and readiness checks. These will not exceed the equivalent of 1.5 days per year, and will be provided at no cost to the FCA. There will be benefit to the consultants in participating in these exercises in the form of increased knowledge and awareness of the FCA’s work. • Conflict management is an important consideration for this Lot. In a crisis situation, the workloads of insolvency and restructuring practices are likely to be such that conflicts of interest and duty may arise when the FCA calls on panel firms. We envisage that the same panel firm may be providing services across the Authorities and to business; and that different teams within the same panel firm may be engaged by different parties. Managing any conflicts in such a situation will be a matter for the relevant firm(s).
Lot Lot U Status: active
Lot Lot U Value: GBP 5,100,000.00
Lot Lot U Value (Gross): GBP 6,120,000.00
Lot Lot U Contract Start: 2026-04-01T00:00:00+01:00
Lot Lot U Contract End: 2030-03-31T23:59:59+01:00
Lot Lot U Award Criterion (quality): Technical (70%)
Lot Lot U Award Criterion (price): Price (30%)
Documents
Document Description: Not published
Document Description: Tender notice on Find a Tender
Raw Notice JSON
Expand raw payload
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"description": "Tax consultancy services",
"id": "79221000",
"scheme": "CPV"
},
{
"description": "Business and management consultancy services",
"id": "79410000",
"scheme": "CPV"
},
{
"description": "Insurance consultancy services",
"id": "66519310",
"scheme": "CPV"
},
{
"description": "Financial consultancy services",
"id": "66171000",
"scheme": "CPV"
},
{
"description": "Project management consultancy services",
"id": "72224000",
"scheme": "CPV"
},
{
"description": "Business analysis consultancy services",
"id": "72221000",
"scheme": "CPV"
},
{
"description": "Financial management consultancy services",
"id": "79412000",
"scheme": "CPV"
}
],
"deliveryAddresses": [
{
"country": "GB",
"countryName": "United Kingdom",
"region": "UK"
}
],
"id": "Lot Q",
"relatedLot": "Lot Q"
},
{
"additionalClassifications": [
{
"description": "General management consultancy services",
"id": "79411000",
"scheme": "CPV"
},
{
"description": "Tax consultancy services",
"id": "79221000",
"scheme": "CPV"
},
{
"description": "Business and management consultancy services",
"id": "79410000",
"scheme": "CPV"
},
{
"description": "Insurance consultancy services",
"id": "66519310",
"scheme": "CPV"
},
{
"description": "Financial consultancy services",
"id": "66171000",
"scheme": "CPV"
},
{
"description": "Project management consultancy services",
"id": "72224000",
"scheme": "CPV"
},
{
"description": "Business analysis consultancy services",
"id": "72221000",
"scheme": "CPV"
},
{
"description": "Financial management consultancy services",
"id": "79412000",
"scheme": "CPV"
}
],
"deliveryAddresses": [
{
"country": "GB",
"countryName": "United Kingdom",
"region": "UK"
}
],
"id": "Lot R",
"relatedLot": "Lot R"
},
{
"additionalClassifications": [
{
"description": "General management consultancy services",
"id": "79411000",
"scheme": "CPV"
},
{
"description": "Tax consultancy services",
"id": "79221000",
"scheme": "CPV"
},
{
"description": "Business and management consultancy services",
"id": "79410000",
"scheme": "CPV"
},
{
"description": "Insurance consultancy services",
"id": "66519310",
"scheme": "CPV"
},
{
"description": "Financial consultancy services",
"id": "66171000",
"scheme": "CPV"
},
{
"description": "Project management consultancy services",
"id": "72224000",
"scheme": "CPV"
},
{
"description": "Business analysis consultancy services",
"id": "72221000",
"scheme": "CPV"
},
{
"description": "Financial management consultancy services",
"id": "79412000",
"scheme": "CPV"
}
],
"deliveryAddresses": [
{
"country": "GB",
"countryName": "United Kingdom",
"region": "UK"
}
],
"id": "Lot S",
"relatedLot": "Lot S"
},
{
"additionalClassifications": [
{
"description": "General management consultancy services",
"id": "79411000",
"scheme": "CPV"
},
{
"description": "Tax consultancy services",
"id": "79221000",
"scheme": "CPV"
},
{
"description": "Business and management consultancy services",
"id": "79410000",
"scheme": "CPV"
},
{
"description": "Insurance consultancy services",
"id": "66519310",
"scheme": "CPV"
},
{
"description": "Financial consultancy services",
"id": "66171000",
"scheme": "CPV"
},
{
"description": "Project management consultancy services",
"id": "72224000",
"scheme": "CPV"
},
{
"description": "Business analysis consultancy services",
"id": "72221000",
"scheme": "CPV"
},
{
"description": "Financial management consultancy services",
"id": "79412000",
"scheme": "CPV"
}
],
"deliveryAddresses": [
{
"country": "GB",
"countryName": "United Kingdom",
"region": "UK"
}
],
"id": "Lot T",
"relatedLot": "Lot T"
},
{
"additionalClassifications": [
{
"description": "General management consultancy services",
"id": "79411000",
"scheme": "CPV"
},
{
"description": "Tax consultancy services",
"id": "79221000",
"scheme": "CPV"
},
{
"description": "Business and management consultancy services",
"id": "79410000",
"scheme": "CPV"
},
{
"description": "Insurance consultancy services",
"id": "66519310",
"scheme": "CPV"
},
{
"description": "Financial consultancy services",
"id": "66171000",
"scheme": "CPV"
},
{
"description": "Project management consultancy services",
"id": "72224000",
"scheme": "CPV"
},
{
"description": "Business analysis consultancy services",
"id": "72221000",
"scheme": "CPV"
},
{
"description": "Financial management consultancy services",
"id": "79412000",
"scheme": "CPV"
}
],
"deliveryAddresses": [
{
"country": "GB",
"countryName": "United Kingdom",
"region": "UK"
}
],
"id": "Lot U",
"relatedLot": "Lot U"
}
],
"legalBasis": {
"id": "2023/54",
"scheme": "UKPGA",
"uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
},
"lotDetails": {
"awardCriteria": {
"description": "High Level Criteria is the same but sub criteria differs by Lot as described in the tender documents."
}
},
"lots": [
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot A: Client Assets and Safeguarding \nAdvice, skills and technical expertise in some or all of client assets, safeguarding, stablecoin issuance, and cryptoasset custody.\nThis will include skills, experience and expertise in areas such as, but not limited to: \n\u2022 Client Assets (CASS) and SUP 16 in the appropriate regulator\u2019s Handbook, including governance, regulatory reporting and systems and controls arrangements associated with client assets. \n\u2022 Safeguarding requirements as set out in the Payment Services Regulations 2017 and E-money Regulations 2011, and the FCA Payment Services and Electronic Money Approach Document.\n\u2022 Safeguarding CP25/14: Stablecoin issuance and cryptoasset custody, and any subsequent publications and additions/changes to the appropriate regulator\u2019s Handbook relevant to the issuance and custody of cryptoassets.",
"id": "1",
"identifiers": [
{
"id": "Lot A"
}
],
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Client Assets and Safeguarding",
"value": {
"amount": 5100000.0,
"amountGross": 6120000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot B: Governance, Accountability and Culture \nAdvice, skills and technical expertise in assessing for regulated firms (or designated Critical Third Parties):\n\u2022 appropriateness and effectiveness of firm governance arrangements and frameworks \n\u2022 leadership and individual accountability, including the Senior Managers and Certification Regime (SM\u0026CR) \n\u2022 organisational culture\n\u2022 effectiveness of governance in practice to provide oversight on delivery of outcomes and regulatory objectives, including consumer protection, safety and soundness. \nThis should include, but not be limited to, knowledge of relevant regulatory requirements, standards, guidelines and industry best practice, and experience and expertise in assessing some or all of the following:\nGovernance \n\u2022 Board composition, independence, succession plans, and holding executives accountable\n\u2022 effective committee frameworks and decision-making, including board and executive committees\n\u2022 appropriateness of governance structures for complex groups with many legal entities\n\u2022 management of conflicts of interest\n\u2022 purpose, risk appetite, business model, strategy and change management programmes (e.g. during transition, implementation and delivery)\n\u2022 policies and procedures.\nLeadership and Individual Accountability \n\u2022 leadership effectiveness\n\u2022 the SM\u0026CR, including the assessment of the fitness and propriety of Senior Managers and certified staff, the embedding and application of the Conduct Rules, and individual accountability.\nOrganisational Culture \n\u2022 psychological safety, diversity of thought, non-financial misconduct and inclusive cultures\n\u2022 whistleblowing processes and practices\n\u2022 people policies and practices (including remuneration, training and competence)\n\u2022 culture, including risk culture (which encompasses Prescribed Responsibilities for culture) \n\u2022 tone from the top, communication, and link with conduct\n\u2022 management information on culture\n\u2022 involvement across all levels of firms that encourages effective challenge and prevents harm by promoting inclusion of a range of views in the decision-making process.",
"id": "Lot B",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Governance, Accountability and Culture",
"value": {
"amount": 13600000.0,
"amountGross": 16320000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot C: Controls and Risk Management Frameworks \nAdvice, skills and technical expertise in assessing for regulated firms (or designated Critical Third Parties) whether:\n\u2022 they have effective controls and risk management arrangements in relation to (i) identifying, escalating, monitoring and management of risks, (ii) taking a risk-based approach to deliver fair outcomes for customers, (iii) safety and soundness, and (iv) financial resilience \n\u2022 they have effective systems and controls to operate their businesses in line with regulatory requirements from an operational resilience perspective\n\u2022 their risk management frameworks are effectively embedded through the organisation resulting in an effective culture and approach to the management of risk - evidenced in the design, operation and oversight of controls across the three lines of defence.\nThis should include, but not be limited to, knowledge of relevant regulatory requirements, standards, guidelines and industry best practice, and experience and expertise, in assessing some or all of the following: \nEffective Risk Management\n\u2022 risk management arrangements to identify, monitor, manage and escalate novel and emerging risks across all types of risk\n\u2022 risks in outsourcing arrangements (including third party and supplier change risk management).\nEffective Controls and Governance\n\u2022 a firm\u2019s ability to self-identify and effectively control for all types of risk\n\u2022 effectiveness and strength of a firm\u2019s Risk, Compliance and Internal Audit functions \n\u2022 effectiveness of a firm\u2019s management information (MI), including how the MI is used to (i) identify, escalate, monitor and manage risks, (ii) to build model risk expertise, and (iii) to support effective management reporting\n\u2022 the preparation and reporting of regulatory returns and disclosures.\nOperational Resilience\n\u2022 firms have in place sound, effective and comprehensive strategies, processes and systems to identify important business services, and set appropriate impact tolerance for each one. This includes:\no specifying the point at which a disruption would pose a risk to a firm\u2019s safety and soundness (and, for Other Systemically Important Institutions (OSII), the stability of the UK\u2019s financial system)\no demonstrating their ability to operate within those tolerances through robust testing.\n\u2022 firms understand the impact of a disruption to consumers, firms\u2019 own operations, market integrity and the wider systemic impact.",
"id": "Lot C",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Controls and Risk Management Frameworks",
"value": {
"amount": 13600000.0,
"amountGross": 16320000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot D: Conduct of Business\nAdvice, skills and technical expertise in assessing application of relevant conduct of business rules and requirements (and other considerations), and adherence to the Consumer Duty; and wholesale market conduct. \nThis should include, but not be limited to, knowledge of relevant regulatory requirements, standards, guidelines and industry best practice, and experience and expertise in assessing some or all of the following to achieve good outcomes for customers: \nProducts and Services \n\u2022 design, manufacture, value and distribution of financial products and services \n\u2022 sales, marketing and advertising, including disclosure requirements \n\u2022 approval of financial promotions \nPrice and Value \n\u2022 products and services provide fair value and meet customers\u2019 needs \nConsumer Understanding \n\u2022 customer communications\n\u2022 quality and suitability of advice \nConsumer Support \n\u2022 the fair treatment of customers, including those with characteristics of vulnerability \n\u2022 collections and arrears management \n\u2022 complaints and claims handling \n\u2022 management of conflicts of interest \n\u2022 past business reviews, file reviews, and redress exercises \nOther \n\u2022 appropriate implementation of whistleblowing processes and procedures including assessing the adequacy of investigations\n\u2022 firms\u2019 oversight of appointed representatives. \nIn addition, technical expertise in assessing additional considerations for wholesale market conduct, including: \n\u2022 upholding market integrity \n\u2022 ensuring effective market abuse systems and controls \n\u2022 managing conflicts and ensuring markets remain orderly in a range of market conditions. \nThis will include assessing firms of various sizes and require skills, experience and expertise in a wide variety of product types and against all relevant regulatory and legal requirements including but not limited to the FCA Handbook, industry standards and best practice.",
"id": "Lot D",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Conduct of Business",
"value": {
"amount": 13600000.0,
"amountGross": 16320000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot E: Financial Crime \nAdvice, skills and technical expertise in assessing financial crime systems and controls (money laundering, anti-bribery and corruption, sanctions, terrorist financing, proliferation financing and fraud) and the effective governance of these areas. \nThis should include, but not be limited to, knowledge of relevant regulatory requirements, standards, guidelines, industry best practice, and legislation \u2013 including experience and expertise in assessing the adequacy of firms\u2019 oversight, systems, controls, and compliance with the following:\n\u2022 Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017\n\u2022 Financial Services and Markets Act 2000 \n\u2022 Proceeds of Crime Act 2002\n\u2022 Terrorism Act 2000\n\u2022 Terrorism Act 2006\n\u2022 Economic Crime and Corporate Transparency Act 2023\n\u2022 Anti-Terrorism, Crime and Security Act 2001\n\u2022 Sanctions and Anti-Money Laundering Act 2018\n\u2022 Fraud Act 2006\n\u2022 Payment Services Regulations 2017 \n\u2022 Electronic Money Regulations 2011\n\u2022 Relevant FCA SYSC rules\n\u2022 Joint Money Laundering Steering Group guidance \n\u2022 FCA Financial Crime Guidance \n\u2022 FCA Financial Crime Thematic Reviews.",
"id": "Lot E",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Financial Crime",
"value": {
"amount": 5100000.0,
"amountGross": 6120000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot F: Market Abuse\nAdvice, skills and technical expertise in relation to market abuse and market abuse surveillance (including insider dealing and market manipulation) and the effective governance of these areas. \nThis will include skills, experience and expertise in assessing the adequacy of firms\u2019 systems and controls, and the investigation of areas including, but not limited to: \n\u2022 the UK Market Abuse Regulation (UK MAR)\n\u2022 the Suspicious Transaction and Order Reports (STOR) regime\n\u2022 relevant SYSC rules\n\u2022 Economic Crime and Corporate Transparency Act 2023.",
"id": "Lot F",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Market Abuse",
"value": {
"amount": 5100000.0,
"amountGross": 6120000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot G: Prudential \u2013 Deposit Takers, Recognised Clearing Houses, Central Securities Depositories and PRA-Designated Investment Firms \nAdvice, skills and technical expertise in assessing whether firms have effective prudential arrangements and how these support safety and soundness and/or financial and operational resilience. \nThis should include, but not be limited to, knowledge of relevant national and international regulatory requirements, standards, guidelines and industry best practice and experience and expertise in: \n\u2022 assessing and modelling risks (including, credit risk; traded risk; interest rate risk, liquidity and treasury risk; operational risk; settlement risk; cryptoasset technology risk; and climate risk) \n\u2022 calculating and modelling prudential requirements (including for capital, liquidity, large exposures, and non-financial resources) \n\u2022 reviewing the preparation and reporting of regulatory returns and disclosures\n\u2022 business, capital and liquidity planning (including ICAAPs, ILAAPs and stress tests, and for mergers, acquisitions and transfer of business) \n\u2022 recovery and resolution planning, implementation, and reporting (including Resolution Assessments).",
"id": "Lot G",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Prudential \u2013 Deposit Takers, Clearing Houses, CSD, PRA-Designated invt. Firms",
"value": {
"amount": 5100000.0,
"amountGross": 6120000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot H: Prudential \u2013 Insurance \nAdvice, skills and technical expertise in assessing whether firms have effective prudential arrangements and how these support safety and soundness and/or policyholder protection. \nThis should include, but not be limited to, knowledge of relevant national and international regulatory requirements, standards, guidelines and industry best practice and experience and expertise in: \n\u2022 assessing risks arising from life and/or non-life insurance business, (including insurance risk, credit risk, market risk, counterparty default risk, operational risk, liquidity risk and climate risk) \n\u2022 business, capital and liquidity planning (including stress tests, mergers and acquisitions and transfers of business) \n\u2022 reserving and technical provisions \n\u2022 underwriting, claims handling and pricing \n\u2022 capital modelling \u2013 build and review, including the ability to assess insurance firms\u2019 validation of internal models \n\u2022 reinsurance modelling and exposure management, including catastrophe risk, \n\u2022 actuarial modelling \n\u2022 asset-liability management \n\u2022 insurance Special Purpose Vehicles, insurance linked securities and valuation of assets, \n\u2022 merger and acquisition due diligence \n\u2022 reviewing the preparation and reporting of regulatory returns \n\u2022 recovery, solvent exit and resolution planning\n\u2022 captives (captives set-up, captives risk management including setting capital and technical provisions).",
"id": "Lot H",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Prudential \u2013 Insurance",
"value": {
"amount": 5100000.0,
"amountGross": 6120000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot I: Prudential - Adequate Financial Resources for FCA Solo-Regulated Firms\nAdvice, skills and technical expertise in evaluating whether solo-regulated firms have effective prudential arrangements, and adequate financial resources to ensure they meet threshold conditions and on-going regulatory requirements. \nThis will require skills, experience and expertise across different prudential regimes, the FCA Handbook, FCA published guidance, International Accounting Standards, International Financial Reporting Standards and UK Generally Accepted Accounting Practice. \nThis should include, but not be limited to, knowledge of relevant regulatory requirements, standards, guidelines and industry best practice and experience and expertise in assessing: \n\u2022 firm\u2019s skills, systems and processes to calculate and hold appropriate level and type of capital and/or liquid resources to cover potential harm, and to put things right when they go wrong\n\u2022 firm\u2019s skills, systems and processes to evaluate the viability and sustainability of their own business model and strategy; whereby firms consider forward-looking financial projections and strategic plans, under both business-as-usual and adverse circumstances that are outside their normal and direct control. The assessment of tail risk analysis should include elements like the stress test, reverse stress test and wind-down planning, together with the adequacy of the scenarios, its modelling and the governance of these areas\n\u2022 the preparation and reporting of regulatory returns and disclosures.\nSkills, experience and technical expertise should include but not be limited to: \no credit, market, liquidity and operational risk\no trading book: market risk, settlement risk, large exposures and/or the modelling of these risks, as well as regulatory reporting \no any other risks that are inherent to the firm\u2019s business model and that can lead to impair its ability to compensate for harm done \no business, capital and liquidity planning (including Internal Capital and Risk Assessments (ICARAs), liquidity and stress tests, and for mergers, acquisitions and transfer of business) \no recovery and resolution planning, implementation and reporting (including Resolution Assessments).",
"id": "Lot I",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Prudential - Adequate Financial Resources for FCA Solo-Regulated Firms",
"value": {
"amount": 5100000.0,
"amountGross": 6120000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot J: Information and Communications Technology and Cyber Risk and Resilience Management \nAdvice, skills and technical expertise in assessing whether regulated firms (or designated Critical Third Parties) have effective Information and Communications Technology (ICT) and cyber operational risk and resiliency management and culture to support safety and soundness / policy holder protection and / or operational resilience. \nThis should include but not be limited to: \n\u2022 Knowledge of relevant national and international regulatory requirements, standards, guidelines and industry good practice, including: \no Supervisory Statement (SS) 1/21 and Policy Statement (PS) 21/3; SS6/24 and PS24/16; and SS2/21 \no Configuration of ICT infrastructure standards such as Internet Protocol Security (IPSEC) \no ICT control frameworks, such as Control Objectives for Information and Related Technologies (COBIT), International Organisation for Standardisation (ISO) standards and Information Technology Infrastructure Library (ITIL) \no Cyber and information security standards and frameworks such as National Institute of Standards and Technology (NIST), ISO27001 and family, NIST SP 800 Series, Open Web Application Security Project (OWASP), Centre for Internet Security (CIS), and SysAdmin, Audit, Network and Security Institute (SANS)\no Project and programme management good practices such as PRINCE2 and MSP \no Software development life cycles such as SSADM and RAD \no Relevant ICT infrastructure, systems and application software.\n\u2022 and experience and expertise in: \no ICT strategy, governance and culture \no ICT risk management \no Cyber and information security, governance and risk management\no Threat intelligence and hunting\no Security Operations (SOC)\no Cyber response and recovery\no Vulnerability management\no Cryptography\no Service mapping and design, systems architecture, development and maintenance \no Incident and problem management, including playbooks\no Project and change management, including transformation programmes, and associated risk management \no Performance and capacity management \no Data integrity, quality and migration \no Identity and accesses management \no Physical Environment security \no Service continuity, testing and business continuity and disaster recovery management including response and recovery processes to mitigate severe but plausible scenarios\no Third party management (third party risks from outsourced and offshore activities, including cloud services etc.), and service termination to minimise disruption\no Regulatory Technology (RegTech), including regulatory compliance and reporting.",
"id": "Lot J",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Information and Communications Technology and Cyber Risk and Resilience Mgt.",
"value": {
"amount": 5100000.0,
"amountGross": 6120000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot K \u2013 Threat Intelligence and Penetration Testing\nProvision of services by suppliers with a CBEST or STAR-FS accreditation in the following areas:\n\u2022 Threat Intelligence (TI) \n\u2022 Penetration Testing (PT) \nA Threat Intelligence supplier is required to have a CREST accredited CCTIM - CREST Certified Threat Intelligence Manager.\nA Penetration Testing supplier is required to have CREST accredited CCSAM \u2013 CREST Certified Simulated Attack Manager/CCRTM \u2013 CREST Certified Red Team Manager and CCSAS - CREST Certified Simulated Attack Specialist/CCRTS \u2013 CREST Certified Red Team Specialist",
"id": "Lot K",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Threat Intelligence and Penetration Testing",
"value": {
"amount": 1700000.0,
"amountGross": 2040000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot L: Credit Rating Agencies \nThe provision of credit opinions to the standard of public issue credit ratings on financial assets. The service is to be provided by a credit rating agency that is registered or certified in accordance with CRA regulation.",
"id": "Lot L",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Credit Rating Agencies",
"value": {
"amount": 1700000.0,
"amountGross": 2040000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot M: Trade and Transaction Reporting\nAdvice, skills and technical expertise in assessing the design and operational effectiveness of a firm\u2019s trade and transaction reporting processes, reporting logic, systems and controls, and change management.\nThis should include technology backed capability for data completeness and accuracy testing for one or more of the following regulatory reporting regimes:\n\u2022 Transaction reporting requirements in UK MiFIR and Commission Delegated Regulation (EU) 2017/590 (UK RTS 22)\n\u2022 Instrument reference data requirements in UK MiFIR and Commission Delegated Regulation (EU) 2017/585 (UK RTS 23)\n\u2022 The Regulatory Technical Standards for the maintenance of relevant data relating to orders in financial instruments: Commission Delegated Regulation (EU) 2017/580 (UK RTS 24)\n\u2022 Trade reporting requirements in UK MiFIR, Commission Delegated Regulation (EU) 2017/587 (UK RTS 1) and Commission Delegated Regulation (EU) 2017/583 (UK RTS 2)\n\u2022 Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories\n\u2022 EMIR Technical Standards on the Minimum Details of the Data to be Reported to Trade Repositories 2023; and on the Standards, Formats, Frequency and Methods and Arrangements for Reporting 2023\n\u2022 The Technical Standards (Securities Financing Transactions Regulation) (EU Exit) (No 1 and No 2) Instrument 2020.\nIn the context of the above regimes, this will include making recommendations for improvements to any weaknesses identified on the:\n\u2022 effectiveness of the policies and procedures\n\u2022 incident management process, escalation protocols and compliance risk management\n\u2022 reconciliation and exception management process\n\u2022 data governance, linage and traceability\n\u2022 governance, operating model, senior management oversight and audit\n\u2022 training, regulatory awareness and engagement, and culture in relation to regulatory reporting.",
"id": "Lot M",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Trade and Transaction Reporting",
"value": {
"amount": 5100000.0,
"amountGross": 6120000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot N: Financial Analysis \nThe provision of consultancy advice and expertise on finance related consultancy. This will include but not be limited to:\n\u2022 Audit and investigation\n\u2022 Statistical analysis and modelling\n\u2022 Financial analysis and modelling\n\u2022 Data analysis and visualisation, including for large data sets\n\u2022 Pensions and actuarial consultancy services, which may include inter alia broader market, product and risk analysis\n\u2022 Capital and liquidity assessments\n\u2022 Taxation, including but not limited to, corporate tax and value added tax\n\u2022 Quantitative expertise to address regulatory issues\n\u2022 Treasury management (Link Asset Services)",
"id": "Lot N",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Financial Analysis",
"value": {
"amount": 5100000.0,
"amountGross": 6120000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot O: Economic Regulation and Analysis\nThe provision of consultancy advice and expertise on competition and regulatory economics, including both theoretical and applied advice in relation to the regulation and analysis of financial services. The areas of expertise will include, but not be limited to: \n\u2022 Cost Benefit Analysis, including valuation of non-market impacts\n\u2022 Ex-post evaluation of policies, including process evaluation, impact evaluation and value-for-money evaluation\n\u2022 Experimental and quasi-experimental research designs\n\u2022 Econometric and qualitative research methods\n\u2022 Competition economics, including market definitions, supply-side and demand-side assessments\n\u2022 Assessment of consumer needs or preferences, including understanding specific consumer groups such as vulnerable consumers\n\u2022 Behavioural economics, including choice architecture\n\u2022 Microeconomics, including industrial organisation, strategic behaviour, game theory and incentive design\n\u2022 Financial economics, including the economics of wholesale financial markets\n\u2022 Macroeconomics, particularly relating to economic growth, productivity and international competitiveness\n\u2022 Economics of regulation, including price controls, infrastructure cost and cost of capital assessments\n\u2022 Regulatory strategy and policy, including regulatory approaches and remedy design",
"id": "Lot O",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Economic Regulation and Analysis",
"value": {
"amount": 10200000.0,
"amountGross": 12240000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot P: Business Consultancy\nThe provision of business consultancy advice relating to strategy, structure, management and/or Relevant Participating Authority operations. This covers advice and/or the delivery of complex, multi-discipline projects/work streams/programmes or portfolios. This will include, but not be limited to: \n\u2022 Transformation, strategy and management \n\u2022 Operating Models (including People, Technology, Process) \n\u2022 Process re-design and re-engineering \n\u2022 Strategy development and review \n\u2022 Change management (including communications and training) \n\u2022 Organisational design and development \n\u2022 Workforce transformation \n\u2022 Operational Resilience \n\u2022 Project / programme framework design \u2013 including methodologies, processes, artefacts and tooling \n\u2022 Full project/programme delivery and assurance \u0026 delivery across methodologies (i.e.Waterfall, Agile)\n\u2022 Reviews (including Value for Money review, Contract review and independent Peer review of projects/programmes) \n\u2022 Markets knowledge and technical knowledge (i.e. schemas and taxonomies such as SFTR/EMIR.",
"id": "Lot P",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Business Consultancy",
"value": {
"amount": 18700000.0,
"amountGross": 22440000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot Q: Technology\nThe provision of consultancy services relating to the identification, design and delivery of technology including the resources, processes and assets to meet the Relevant Participating Authority objectives and/or end user service needs. This includes auditing current service provision, continuous service improvement and developing innovative services. This will include, but not be limited to: \n\u2022 Technology strategy \u0026 operationalisation, and architecture \n\u2022 Process design and improvement, including through Lean and Agile methodologies and the ITIL Framework \n\u2022 Digital Operating Models \n\u2022 AI \n\u2022 Capability Analysis (including process and technology) \n\u2022 Product and technology roadmap \n\u2022 Enterprise security services \n\u2022 Transition and transformation of existing technology services \n\u2022 User experience \n\u2022 Accessibility \n\u2022 Solution design and delivery \n\u2022 Test strategy and execution \n\u2022 Product lifecycle \n\u2022 Technical authoring",
"id": "Lot Q",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Technology",
"value": {
"amount": 10200000.0,
"amountGross": 12240000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot R: Resource Augmentation\nThe provision of ad-hoc resources to augment Relevant Participating Authority teams. The individuals will have an Relevant Participating Authority line manager and deliverables will be specific to the requirements of the assignment. These roles will typically be varied and be filled based on the skillset and the number of years\u2019 experience. Typical roles will include, but are not limited to:\n\u2022 Forensic Accountant\n\u2022 Expert Witness\n\u2022 Change Management Specialists (all roles)\n\u2022 Data Specialists (all roles) \n\u2022 Actuaries \n\u2022 Economists\n\u2022 Strategy and Policy Specialists\n\u2022 Technology and Digital Specialists (all roles)\nNOTE: \nIt is envisaged that staff supplied under this Framework will generally work alongside and report directly to the Relevant Participating Authority management throughout the duration of the engagement.\nIndividuals will have to be employed by the providing Supplier. No third-party contractors or Associate models will be accepted.\nThe individuals work will not require quality assurance by the providing Supplier. The above does not apply to an Expert Witness as they must be independent \u2013 the Supplier will remain responsible for the provision and conduct of the expert witness.",
"id": "Lot R",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Resource Augmentation",
"value": {
"amount": 18700000.0,
"amountGross": 22440000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot S: Forensic Accountancy/General Investigations \nThe provision of ad hoc forensic accounting and investigative services to support the work of the Enforcement operation. The services required will cover the full range of the Relevant Participating Authority\u2019s regulatory and criminal remit and will include, but not be limited to:\n\u2022 Regulatory, criminal, civil or insolvency proceedings reviewing the full range of firms and senior managers, investigating unauthorised activity and attempting to get monies back for investors who have been sold unsuitable products.\n\u2022 The mis-selling of financial products, such as funds or pensions\n\u2022 Financial promotion issues including inappropriate or misleading advertisements\n\u2022 Misuse of client money\n\u2022 Corporate governance\n\u2022 Financial crime\n\u2022 Consumer Credit\n\u2022 Consumer duty\n\u2022 Cryptocurrencies/crypto assets\n\u2022 Systems and controls (with a particular focus on taking cases against senior managers)\n\u2022 Market abuse\n\u2022 Transaction reporting breaches\n\u2022 Issues of wholesale conduct (for example those relating to systems and controls or corporate governance failings within wholesale insurers or banks)\n\u2022 Unauthorised activity (including share fraud operated by boiler rooms, unauthorised collective investment schemes / deposit taking, get rich quick schemes and land banking)\n\u2022 General investigation work\n\u2022 Interpreting accounts (balance sheets, profit \u0026 loss accounts)\n\u2022 Analysing financial statements and cash flow, trading and banking analysis\n\u2022 File Reviewers - work alone or as part of a team to assess the information held on client files in terms of adequacy and compliance with industry standards/requirements; and identify key underlying issues and potential breaches of the Relevant Participating Authority rules \n\u2022 Witness statement takers - drafting clear and concise witness statements recording the evidence a person can provide; and producing (exhibiting) any documents provided by the witness in support; where applicable. Required is a working understanding of both the Civil and Criminal Procedure Rules); and to undertake straight forward data analysis including updating investigative and evidential spreadsheets and databases.",
"id": "Lot S",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Forensic Accountancy/General Investigations",
"value": {
"amount": 8500000.0,
"amountGross": 10200000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot T: Risk/Risk Management\nThe provision of advice, skills and technical expertise in assessing effective controls and risk management frameworks, including identification and control arrangements to pre-empt, identify and mitigate risks. This will include but not be limited to \n\u2022 Knowledge of relevant regulations and guidelines\n\u2022 Creation, implementation and assessment of risk governance framework\n\u2022 How use of benchmarking / industry knowledge is demonstrated into the development of a framework\n\u2022 Risk appetite and risk acceptance approach\n\u2022 Assessment of internal control effectiveness (design and operational effectiveness, including control testing or validation within a Three Lines of Defence model (3LOD)\n\u2022 Stress testing of existing frameworks (including assessment models to ascertain risk maturity)\n\u2022 Expertise in operational risk (including people, data, information management, Op res, finance, cyber risk and comms risk management), strategic risk, compliance/legal risk, conduct risk, regulatory risk, and reputational risk management\n\u2022 Emerging risk identification and management\n\u2022 Strength of risk mitigants\n\u2022 Third party risk Management",
"id": "Lot T",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Risk/Risk Management",
"value": {
"amount": 8500000.0,
"amountGross": 10200000.0,
"currency": "GBP"
}
},
{
"awardCriteria": {
"criteria": [
{
"name": "Technical",
"numbers": [
{
"number": 70.0,
"weight": "percentageExact"
}
],
"type": "quality"
},
{
"name": "Price",
"numbers": [
{
"number": 30.0,
"weight": "percentageExact"
}
],
"type": "price"
}
]
},
"contractPeriod": {
"endDate": "2030-03-31T23:59:59+01:00",
"startDate": "2026-04-01T00:00:00+01:00"
},
"description": "Lot U: Multi Firm Failure\nIntroduction \nAs part of our crisis response framework, we require access to external consultants who can be deployed at short notice if a multi-firm failure (MFF) event arises. These consultants would temporarily supplement case teams in our Resolution \u0026 Insolvency (R\u0026I) department during the acute phase of the crisis. We envisage that the length of this phase would be approximately two weeks, although it could be longer. \nWe hope that this facility is never needed, so there is no guaranteed volume of work; but ongoing readiness to deploy at short notice is essential. \nWe are inviting bids for this lot from specialist restructuring and insolvency firms, or wider professional services firms with restructuring and insolvency capabilities, who can provide consultants on short notice. \nTen bidders will be appointed to the panel (provided that ten or more achieve the pass mark), plus any firms that are tied for tenth place. \nIt is unlikely that a crisis will require the FCA to draw on all of the bidders appointed to the panel. The FCA will therefore allocate crisis work among the different panel firms at its discretion. This allocation will be carried out on an equitable basis, in line with the FCA\u2019s legal duties and having regard to sector-specific capabilities and any other factors relevant to the work. \nRequirements \n\u2022 Bidders must have the capability to lead and support on creating and delivering effective strategies for the resolution of failing financial services firms, including in the context of large, complex and high-profile crisis events. \n\u2022 Bidders must be able to provide consultants who have sector-specific capabilities to lead or support on projects involving: \no banks \no payments firms (payment services firms and e-money issuers) \no asset managers \no wealth managers \no credit unions \no insurers and insurance intermediaries \no platforms \no wholesale brokers \no central counterparties. \nThis is not an exhaustive list, but bidders should meet at least three of these categories. \n\u2022 Bidders must be able to provide consultants who are familiar with how the Authorities (FCA, Bank of England, PRA, HM Treasury, FSCS) operate in a crisis. \n\u2022 Bidders must be able to provide the consultants within 24 hours of being notified by the FCA of a crisis situation arising. The consultants must be able to hit the ground running in a high-pressure environment. \n\u2022 Once a consultant has been allocated to a case, they cannot be substituted. Therefore, each consultant must be able to continue working full-time for the FCA throughout their assignment, which is likely to last around two weeks (but may take longer). \n\u2022 We will have periodic touch points with the consultants, including training and readiness checks. These will not exceed the equivalent of 1.5 days per year, and will be provided at no cost to the FCA. There will be benefit to the consultants in participating in these exercises in the form of increased knowledge and awareness of the FCA\u2019s work. \n\u2022 Conflict management is an important consideration for this Lot. In a crisis situation, the workloads of insolvency and restructuring practices are likely to be such that conflicts of interest and duty may arise when the FCA calls on panel firms. We envisage that the same panel firm may be providing services across the Authorities and to business; and that different teams within the same panel firm may be engaged by different parties. Managing any conflicts in such a situation will be a matter for the relevant firm(s).",
"id": "Lot U",
"selectionCriteria": {
"criteria": [
{
"description": "As defined in the PSQ.",
"type": "economic"
},
{
"description": "As defined in the PSQ.",
"type": "technical"
}
]
},
"status": "active",
"title": "Multi Firm Failure",
"value": {
"amount": 5100000.0,
"amountGross": 6120000.0,
"currency": "GBP"
}
}
],
"mainProcurementCategory": "services",
"procedure": {
"features": "This will be a two stage process with a PSQ and ITT prior to awarding to multiple suppliers for multiple Lots."
},
"procurementMethod": "open",
"procurementMethodDetails": "Competitive flexible procedure",
"status": "active",
"submissionMethodDetails": "Bidders will need to register on the FCA\u0027s eProcurement system (Atamis) to respond to the Tender (https://atamis-fca.my.site.com/s/Welcome). Bidders should refer to the Atamis Supplier User Guide (https://services.atamis.co.uk/docs/Supplier_User_Guide.pdf) for further information. If issues are experienced in accessing Atamis or any documents within Atamis you should contract their dedicated helpdesk on 029 2279 0052 or email at support@atamis.co.uk.",
"submissionTerms": {
"electronicSubmissionPolicy": "allowed",
"languages": [
"en"
]
},
"techniques": {
"frameworkAgreement": {
"buyerCategories": "The Bank of England (Bank), Financial Services Compensation Scheme (FSCS), Financial Ombudsman Service (FOS), Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA) (including the Payments System Regulator (PSR)) and any other contracting authorities with permission from the FCA.",
"description": "Framework is divided into Lots - some are direct award only, and others allow for further competition or direct award.",
"method": "withAndWithoutReopeningCompetition",
"type": "open"
},
"hasFrameworkAgreement": true
},
"tenderPeriod": {
"endDate": "2025-09-12T12:00:00+01:00"
},
"title": "Consultancy \u0026 Skilled Persons Framework 3",
"value": {
"amount": 170000000.0,
"amountGross": 204000000.0,
"currency": "GBP"
}
}
}