The UK Investment Firms Prudential Regime (IFPR) introduced significant and complex new obligations in areas that include capital, liquidity, governance, risk management, remuneration and regulatory reporting.
Compliancy Services' specialist Prudential team have helped many firms to minimise the potential impact of the requirements. We have the experience and knowledge to enable you to implement the new rules in a proportionate manner and to manage the down-side impact of the requirements, in particular capital, liquidity and consolidation.
HOW WE CAN HELP YOU
We have already helped numerous firms in many different ways, be it through a tailored service package; ad hoc advice or guidance; reviewing what they have put in place; or with one of our fixed fee packages for smaller, less complex firms. Whatever the size and complexity of your firm, we can tailor an appropriate service and fee package.
IFPR IMPLEMENTATION
We offer a comprehensive range of services to help you implement and maintain your IFPR obligations. Choose from our comprehensive menu of services and whether you want us to: 1) review the effectiveness of your plans and documentation; or 2) manage the implementation; or 3) provide ad hoc advice and assistance.
We offer fixed fees, flexible hourly rates or you can enjoy a retained services agreement to help you meet your on-going prudential obligations. Alternatively, if you are a smaller firm or have simpler requirements, for example you are not part of a larger group of companies, then take advantage of our fixed fee service package.
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UNDERSTANDING AND PREPARING FOR IFPR
Our practical series of webinars explain how IFPR will affect different types of firms and the actions you should be taking to prepare for the changes.
Speak with a consultant
Webinar 1 - IFPR explained part 1
Webinar 1 - recorded 19 January 2021
Policy Statement PS21/6 covers the areas discussed in the first consultation paper, CP20/24, which was the subject of our first webinar held on 19 January 2021.
Key areas of note included: categorisation of firms; prudential consolidation; own funds; own funds requirements; concentration risk; and regulatory reporting.
View the webinar
Webinar 2 - IFPR explained part 2
Webinar 2 - recorded 25 May 2021
Policy Statement PS21/9 was the largest of the IFPR Policy Statements. It covered the areas discussed in the second consultation paper, CP21/7, which was the subject of our second webinar in the series and which was held on 25 May 2021. We offered a webinar specifically for 'exempt-CAD' firms and another for all other firms.
Some of the key areas to note included: regulatory reporting using RegData; ICARA proportionate; categorisation for firms trading in their own name on an agency basis; Collective Portfolio Management Firms (CPMI’s) will be subject to MIFDPRU; fixed overheads requirement and allowable deductions; assets under management (AUM) where management has been delegated; Client Money K-Factor; and remuneration thresholds:
View the webinar for 'exempt-CAD' firms
View the webinar for firms that ARE NOT 'exempt-CAD'
Webinar 3 - A guide to the ICARA
Webinar 3 - recorded 28 September 2021
IFPR introduces a new capital adequacy and risk assessment and supervisory review and evaluation process - the Internal Capital and Risk Assessment (ICARA). Our webinar explains the implementation and management processes, the documentation you need to produce, and key challenges and ways to overcome them.
At the end of the webinar you will understand how this affects your firm and you will have a 'step-by-step' implementation guide (whether you already undertake a ICAAP or are facing this type of process for the first time).
View the webinar
Webinar 4 - IFPR Regulatory Reporting
Webinar 4 - Being held on 1 February 2022
Our webinar will guide you through the new reporting requirements for both SNI and Non-SNI firms (small and non-interconnected investment firms) and assist you with the transition to the new regulatory reporting requirements. We will cover the following areas:
-
Frequency of reporting and submission deadlines;
-
Own funds and liquid assets reporting, including K-factor reporting;
-
Concentration risk reporting;
-
Consolidated reporting; and
-
ICARA questionnaire.
Webinar 1 - recorded 19 January 2021
Policy Statement PS21/6 covers the areas discussed in the first consultation paper, CP20/24, which was the subject of our first webinar held on 19 January 2021.
Key areas of note included: categorisation of firms; prudential consolidation; own funds; own funds requirements; concentration risk; and regulatory reporting.
View the webinar
Webinar 2 - recorded 25 May 2021
Policy Statement PS21/9 was the largest of the IFPR Policy Statements. It covered the areas discussed in the second consultation paper, CP21/7, which was the subject of our second webinar in the series and which was held on 25 May 2021. We offered a webinar specifically for 'exempt-CAD' firms and another for all other firms.
Some of the key areas to note included: regulatory reporting using RegData; ICARA proportionate; categorisation for firms trading in their own name on an agency basis; Collective Portfolio Management Firms (CPMI’s) will be subject to MIFDPRU; fixed overheads requirement and allowable deductions; assets under management (AUM) where management has been delegated; Client Money K-Factor; and remuneration thresholds:
View the webinar for 'exempt-CAD' firms
View the webinar for firms that ARE NOT 'exempt-CAD'
Webinar 3 - recorded 28 September 2021
IFPR introduces a new capital adequacy and risk assessment and supervisory review and evaluation process - the Internal Capital and Risk Assessment (ICARA). Our webinar explains the implementation and management processes, the documentation you need to produce, and key challenges and ways to overcome them.
At the end of the webinar you will understand how this affects your firm and you will have a 'step-by-step' implementation guide (whether you already undertake a ICAAP or are facing this type of process for the first time).
View the webinar
Webinar 4 - Being held on 1 February 2022
Our webinar will guide you through the new reporting requirements for both SNI and Non-SNI firms (small and non-interconnected investment firms) and assist you with the transition to the new regulatory reporting requirements. We will cover the following areas:
-
Frequency of reporting and submission deadlines;
-
Own funds and liquid assets reporting, including K-factor reporting;
-
Concentration risk reporting;
-
Consolidated reporting; and
-
ICARA questionnaire.
Why Compliancy Services?
HIGHLY EXPERIENCED TEAM
COMPLIANCE ASSURANCE
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