The IFPR defines the requirements for public disclosures, which should be made annually and freely available, either in statutory accounts or via a website.
SNI firms need only make public disclosures regarding remuneration, in which some quantitative and qualitative information should be included.
Non-SNI firms have a much bigger list of disclosures to make, including disclosing their capital requirements, capital resources, governance, risk management objectives and policies and remuneration.
A number of these areas have been templated by the FCA to ensure disclosures are consistent across the industry. Consequently, whilst firms may have otherwise opted to disclose less detail, it does provide clarity on the expectation.
We can assist investment firms in preparing compliant public disclosures containing all aspects required by the IFPR.