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The UK's Investment Firm Prudential Regime

13 Key Considerations for Successful Implementation

With the Investment Firm Prudential Regime (IFPR) coming into force on on 1 January 2022, we've created a checklist capturing 13 considerations for successful implementation of the required changes ahead of the looming deadline.

The Investment Firm Prudential Regime (“IFPR”) comes into force for all UK MiFID investment firms on 1 January 2022.

First developed by the EU and subsequently refined by the FCA, the proposed new prudential rules introduce more complex and onerous capital, liquidity, reporting and governance requirements for affected firms.

Download our checklist that captures 13 considerations for firms implementing the required changes ahead of the 1 January 2022 deadline, including:

  1. Timing
  2. Scope
  3. Proportionality
  4. Group Consolidation
  5. Own Funds
  6. Permanent Capital Requirement
  7. Fixed Overhead Requirement
  8. K Factors
  9. Liquidity
  10. Concentration Risk
  11. Remuneration
  12. The ICARA
  13. Changes to Regulatory Reporting