The IFPR is being introduced by the Financial Conduct Authority (FCA). While it is described as a new streamlined and simplified regime for the prudential regulation of UK investment firms, the preparation required for the Regime’s implementation on 1 January 2022 is complex.
Here, you'll find digestible insights on the key topics relating to the regime, explaining how the changes will impact your. Bookmark our IFPR hub page and let us guide you through our 12 steps of effective and efficient preparation.
To make life easier our popular IFPR series about the regime will help you to identify the key updates that are likely to impact your firm and the preparation you need to action you need to take, now. You can find the full series to date, below.
The coverage of the IFPR is extensive and will affect all types of investment firms, whether small or large. There are significant changes proposed to the following aspects of the FCA’s current regulatory framework:
Read the full overview, including what your firm should be prioritising here.
The FCA has now published its long awaited second consultation paper CP21/7 – A new UK prudential regime for MiFID investment firms. With the clock ticking, it is imperative for all firms to start an in-depth assessment of the impact of IFPR as there could be some significant gaps between the current prudential rules and the new Regime that will need to be addressed through the rest of the year in order to be compliant by 1 January 2022.
In this article, we explore two important steps in preparing for the IFPR: what should firms do as part of the initial assessment? And what can you do to lay the foundation for meeting the risk management expectations.
If you would like to speak to one of our regulatory experts about the IFPR, how it will impact your firm and the steps you need to take, now, get in touch via the form and we'll contact you shortly.