The UK Investment Firm Prudential Regime (IFPR) will take effect on January 1, 2022. This will have a significant impact on UK MiFID II investment firms and CPMIs, who should start considering the likely impact of the new prudential regime and the adjustments that will be required to their internal systems and controls. The starting point for such firms is to collect all relevant data in order to assess their classification under the new regime. Another important point is whether the shift in the prudential capital framework creates an opportunity for a change in business strategy and approach.
IFPR: Impact helps you to manage each step of your internal implementation project. It provides a high level summary of the draft “Prudential sourcebook for MiFID Investment Firms“ (MIFIDPRU), as well as any consequential amendments to other FCA sourcebooks.
To find out more, please get in touch with a member of the team.