We are delighted to be featured in the latest AIMA Journal, Edition 127 outlining the FCA’s impending Investment Firms’ Prudential regime (IFPR).
Mike Chambers, our Head of Prudential, outlines the main areas covered by the regime and the changes firms can expect to see.
As Mike says “prudential regulation for firms with one or more MiFID permission (investment firms) is set to undergo major changes with the introduction of the new prudential regime (IFPR in the UK, and IFR/IFD in the EU). The UK’s implementation date is 1 January 2022, while a near-equivalent regime commenced on 26 June in the EU.
There are clear similarities between the two regimes; in fact, they share much of their DNA.”
This article explores how the practical work undertaken by Wheelhouse Advisors to prepare firms for the new regimes can assist firms when trying to understand the impact on their own businesses.
Read our contribution here
View the whole AIMA Journal here