The FSA has confirmed it will maintain a non-prescriptive approach to regulating business continuity arrangements by financial firms.
In a policy statement released today, the FSA said the feedback received on CP142:Operational risk systems and controls confirmed its plans for regulating operational risk.
An FSA statement said the feedback showed "strong agreement" that its guidance on business continuity covers the "right areas and to the correct level of detail".
An FSA statement said: "We will therefore keep to our existing approach and not offer further guidance which would prove too prescriptive for most firms. We will apply our guidance in a proportionate way."
The FSA plans, to be formulated into a handbook later this year, cover areas such as business continuity, management of employees, information security, outsourcing and the use of insurance to finance operational risk.
