Understanding and preparing for the new UK Investment Firm Prudential Regime (IFPR)

  • Date: 19 January 2021
  • Format: Recorded Webinar
Webinar recorded on 19th January 2021.

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Background

The Financial Conduct Authority (FCA) has set out its proposals to streamline and simplify the prudential requirements for solo-regulated investment firms in the UK. At present, there are many different regimes which apply depending on size of firm and type of investment business. The new rules will extend the framework for prudential requirements to consider the potential harm FCA investment firms pose to clients, consumers and the market. This includes the amount of capital and liquid assets the investment firm should hold so that if it does have to wind down, it can do so in an orderly manner.

This new regime represents a major change for investment firms and it is vital they understand and adequately prepare for the change.

What the webinar covered

Following the discussion paper issued on 23 June (DP20/2) the FCA released the first of three consultation papers on 15 December 2020, the others being scheduled for Q2 and Q3 of 2021. The webinar will help you to understand and interpret the consultation paper:

  • Provide you with a high level summary of the requirements
  • Identify what has changed from the June discussion paper (DP20/2)
  • Explain the implications for different types of firm
  • Detail the implementation timetable
  • Recommend the actions you should be taking now

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