The FCA has published Consultation Paper 15/17: Capital resources requirements for Personal Investment Firms (CP15/17).
Previously the FCA committed itself to consult on capital requirements for personal investment firms (PIFs). Accordingly, the FCA has reviewed both the existing rules in force and also the rules in FSA Policy Statement 09/19: Review of the prudential rules for PIFs that were deferred from implementation until 31 December 2015. In CP15/17 the FCA is seeking views on an alternative method to those two approaches to setting capital resources requirements for PIFs.
The deadline for comments on CP15/17 is 7 September 2015.