Investment Firms Prudential Regime
The UK Investment Firms 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.
3,600 firms will be affected and around one third will face a significant impact, as they are required to implement new processes, policies and procedures (source: FCA CP21/7 published May 2021).
Webinars
UNDERSTANDING AND PREPARING FOR IFPR
View recorded webinar, including specifically for 'exempt-CAD' firms:
CP20/24 first tranche of proposed rules - VIEW RECORDING
CP21/7 second tranche of proposed rules - VIEW RECORDING
You can also view articles relating to the FCA Policy Statements - PS21/6 and PS21/9
FOCUS
WEBINAR 28/9/21: A GUIDE TO THE ICARA
All firms regulated under the IFPR wll be required to have an ICARA.
This means that some firms will face these processes for the first time, whilst others will need to adapt their ICAAP to meet the ICARA requirements.
Our webinar being held on 28 September will provide you with a 'step-by-step' implementation guide.
SERVICES
BOOK AN IMPACT ASSESSMENT
Our team of highly experienced accountants and compliance consultants are helping many firms prepare for the implementation of IFPR.;
Get a detailed report showing precisely how IFPR will affect your firm and which considers capital and liquidity requirements, ICARA and other governance processes. Providing the steps you need to take to become IFPR-ready.
BOOK AN IMPACT ASSESSMENT
Why Compliancy Services?
HIGHLY EXPERIENCED TEAM
PREPARE FOR IFPR
COMPLIANCE ASSURANCE
PEER LEARNING
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