IFPR toolkit

In January 2022, rules were implemented to reclassify Markets in Financial Instruments Directive (MiFID) firms. They are known as the UK Investment Firm Prudential Regime (IFPR).

To whom does the IFPR regime apply?

When IFPR was introduced, the old prudential terms, BiPRU and IFPRU, were scrapped and replaced by the umbrella definition ‘investment firms.’ The existing handbooks were also replaced by a new one, catchily entitled MIFIDPRU.

IFPR applies to MiFID investment firms authorised and regulated by the FCA (those formerly categorised as BiPRU, IFPRU and Exempt-CAD), Collective Portfolio Management Investment Firms (CPMIs) and regulated and unregulated holding companies of groups that contain any of the aforementioned investment firm types.

What does IFPR achieve?

The FCA’s aim is to simplify the prudential requirements for solo-regulated firms and avoid having different regimes applying to different types of firms.

The intention is to minimise the risk of harm to consumers, clients and the market by ensuring a failed firm can wind down in an orderly manner. The FCA also believes that IFPR eases barriers to entry and facilitates better competition across the investment market.

Expert help from B-Compliant

We have created a unique IFPR toolkit to help firms with the legislation. It provides all the information you need to understand the rules and consider how they affect your firm. It also includes the following template documents and instructions:

  • A one-hour video tutorial explaining the IFPR regime
  • IFPR whitepaper, offering further insight into the regime, written in plain English
  • ICARA template document to provide a good starting point for building your ICARA.
  • ICARA master worksheet including calculators for:
    • T-PMR
    • Breakdown of Own Funds
    • FOR
    • T-FOR
    • KFR
    • T-KFR (Exempt CAD)
    • T-FOR & KFR (BIPRU & IFPRU)
    • Liquid Assets
    • Concentration risk
    • Stress Testing for own funds & liquid assets

If you would to know more about our IFPR toolkit, don’t hesitate to contact us.

Get in touch

If you need help or advice about IFPR get in touch with us today