IFPR Implementation Guide
16 June 2021
The UK Investment Firm Prudential Regime ("IFPR") is being introduced by the FCA, and represents the most significant change to the prudential framework for UK authorised investment firms in recent times. The IFPR rules aim to streamline and make more 'fit for purpose' the prudential requirements for solo-regulated UK firms, authorised under MiFID, and as relevant their consolidated groups. The Regime is expected to come into force in January 2022.
To assist we haveprepared a practical guidewhich provides an overview of the key aspects of business areas that will be impacted by IFPR and provides a timeline of when changes need to be prepared for and when they need to be implemented.