The UK Investment Firm Prudential Regime (IFPR) will take effect on January 1, 2022. This will have a significant impact on UK MiFID II investment firms and CPMIs, who should start considering the likely impact of the new prudential regime and the adjustments that will be required to their internal systems and controls.
With the deadline fast approaching, we have launched an IFPR: Impact product, which we have developed to help clients manage each step of their internal implementation project. 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.
Further information on IFPR: Impact can be found here.