Understanding the UK’s Investment Firm Prudential Regime (IFPR)

If you haven’t already heard and you’re a UK MiFID investment firm, then pay very close attention to what follows.

We’re guessing, however, since you’re on top of things as a part of the LGCA network, then you must be fully aware.

In any case, read on.

What is the IFPR?

As of January 1, 2022, all UK MiFID investment firms will have to abide by the Financial Conduct Authority’s (FCA) brand-new Investment Firm Prudential Regime (IFPR).

According to the FCA, the IFPR’s overall objective is “to streamline and simplify the prudential requirements for MiFID investment firms that we prudentially regulate in the UK (FCA investment firms).”

More specifically, FCA is looking to shift the industry’s “prudential requirements and expectations away from the risks firms face” and focus more closely on how to better “manage the potential harm firms can pose to consumers and markets.”

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