UK

SPECIAL REPORT

IFPR: the time to act is now

IFPR: the time to act is now

Firms falling within the remit of the FCA’s new Investment Firm Prudential Regime (IFPR) cannot afford to be passive. They need to set themselves on the right path now if they are to meet the January 2022 compliance deadline. Some firms have a long road ahead as the new rules mean a ten-fold rise in their capital requirements.

SPECIAL REPORT

Action ahead – firms to plan for IFPR compliance

Action ahead – firms to plan for IFPR compliance

By A Paris – January 2022 may seem far away but the preparations financial services firms in the UK need to make to comply with the incoming Investment Firm Prudential Regime (IFPR) are considerable and they need to think about it now, if they haven’t done so already. The new rules are going to usher in significant change for a large swathe of firms active in the UK market.

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New FCA regime’s failure to include appointed representatives is an oversight, saysSturgeon Ventures

New FCA regime’s failure to include appointed representatives is an oversight, saysSturgeon Ventures

The Senior Managers & Certification Regime that comes into effect today (9 December) is a positive step for the financial services industry – but its failure to include Appointed Representative Firms (ARFs) and their individuals is an oversight, according to Sturgeon Ventures, a regulatory incubator.