On 11 January 2022, there was published in the Official Journal of the EU (OJ):

  • Commission Delegated Regulation (EU) 2022/25 of 22 September 2021 supplementing the Investment Firms Regulation (IFR) with regard to regulatory technical standards (RTS) specifying the methods for measuring the K-factors referred to in Article 15 of that Regulation. Specifically the RTS cover both the methods for measuring the risk-to-client K-factors and the methods for measuring the risk-to-firm K-factors. The Delegated Regulation enters into force on 31 January 2022.
  • Commission Delegated Regulation (EU) 2022/26 of 24 September 2021 supplementing the IFR with regard to RTS specifying the notion of segregated accounts to ensure client money’s protection in the event of an investment firm’s failure. The Delegated Regulation provides further detail regarding the notion of segregated accounts referred to in Article 15(5)(b) of the IFR. The Delegated Regulation enters into force on 31 January 2022.

For UK investment firms we have an IFPR: Impact product, which we have developed to help clients manage their IFPR projects. 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. For further information please contact Jochen Vester.

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