IFPR RESOURCES AND SUPPORT. WHEN ONLY A SPECIALIST WILL DO.

BOOK AN IMPACT ASSESSMENT

Investment Firm Prudential Regime

The UK Investment Firm Prudential Regime (IFPR) comes into force on 1 January 2022. It will affect all FCA prudentially regulated MiFID investment firms, including principal brokers and matched principal brokers; investment managers; and adviser/arranger firms categorised as ‘exempt-CAD’.

The new rules present major changes, requiring some firms to hold much more capital and introducing new obligations such as the Internal Capital Adequacy and Risk Assessment (ICARA) process.

According to the FCA 3,600 firms will be affected and around one third will face a significant impact and including the requirement to implement new processes, policies and procedures (source: FCA CP21/7 published May 2021).

Webinars

UNDERSTANDING AND PREPARING FOR IFPR

A series of three webinars coinciding with the release of FCA consultation papers. 

19 January 2021 - CP20/24 first tranche of proposed rules - VIEW RECORDING

25 May 2021 - CP21/7 second tranche of proposed rules - VIEW RECORDING

June/July 2021 - third consultation paper - webinar and CP release date - TBA

View all webinars

FOCUS

ADVISER/ARRANGER FIRMS FACE BIGGEST CHALLENGES

Adviser/arranger firms including 'exempt-CAD' will have to hold significantly more capital and liquid assets, implement risk management and governance changes, and consider new remuneration requirements.

Firms should be preparing for these changes now. To support these firmss we are holding a webinar on 25 May 2021 specifically for adviser/arranger firms.

Register for Exempt-CAD Webinar

SERVICES

BOOK AN IMPACT ASSESSMENT

Our team of highly experienced accountants and compliance consultants are helping many firms prepare for the implementation of IFPR. 

Our impact assessment identifies how IFPR will affect your firm. Our detailed report considers capital and liquidity requirements, ICARA and other governance processes and provides the steps you need to take to become IFPR-ready.

BOOK AN IMPACT ASSESSMENT

Why Compliancy Services?

HIGHLY EXPERIENCED TEAM

Highly experienced Prudential team led by Harpartap Singh, a recognised regulatory capital and liquidity specialist.

PREPARE FOR IFPR

Misinterpreting the regulations or having inadequate processes can lead to costly errors. We can identify how IFPR will affect your firm and help you develop a robust plan to be IFPR-ready by 1 January 2022.

COMPLIANCE ASSURANCE

We can review your calculations and plans; and offer the assurance that your firm is on track to comply with the new UK IFPR.

PEER LEARNING

You benefit from the knowledge, experience and insight we have gained from working with many other firms in your sector.

SUPPORTS GOVERNANCE

Our independent review is often required as part of the governance processes and to satisfy senior management

BROAD SERVICE CAPABILITY

Capital requirement assessments, ICAAPs, ICARAs, ILAAPs, scenario and stress testing, wind down planning and regulatory reporting.

Book a consultation