IFPR COMPLIANCE SUPPORT. WHEN ONLY A SPECIALIST WILL DO.

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The UK Investment Firms Prudential Regime (IFPR) introduces significant and complex new obligations in areas that include capital, liquidity, governance, risk management, remuneration and regulatory reporting.

Compliancy Services'  specialist Prudential team can help you 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 are already helping numerous firms in many different ways, be it through a tailored service package; ad hoc advice or guidance; 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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IFPR IMPACT ASSESSMENT

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

Using our 12-point IFPR Impact Assessment, we are able to provide you with a full analysis of how IFPR affects your business and the actions you need to take to be compliant. 

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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.

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View IFPR Checklist

scoping icon 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

scoping icon 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'

application management icon 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 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

Why Compliancy Services?

HIGHLY EXPERIENCED TEAM

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

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.

BROAD SERVICE CAPABILITY

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

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