Investment Firm Prudential Regime (IFPR)
As the single biggest change since prudential requirements were introduced, IFPR requires MIFIDPRU firms to take a deeper look at their risk framework and capital requirements. Our bespoke support packages, tools and guidance will make things clearer.
Navigating change
The Investment Firm Prudential Regime (IFPR) was introduced in 2022, replacing previous regimes and increasing the obligations investment firms face.
We’ve invested significant time in developing bespoke solutions that really work. If you’re worried about how to deliver the required outcomes, how the new rules apply and what steps to take, get the reassurance you need from us.
Our service
-
Experienced consultants with a deep understanding of both old and new prudential regimes
-
Exclusive access to our unique, exhaustive IFPR toolkit, created to benefit investment firms
-
A team with an impeccable track record, with no IFPR application rejections or challenges to date
-
A video tutorial providing an explanation of the updated regime in easy-to-understand terms
-
Specialists who’ll demystify the process so you can feed back to your team with confidence
-
Dedicated support in completing your internal capital adequacy and risk assessment (ICARA)
-
Advice on whether your business falls within the scope of the updated regulations or not
-
An ICARA master worksheet pre-populated with accurate calculations for key requirements
Your questions, answered
You need to know you can depend on the team you contact for support with IFPR. We’ve shared some of our wisdom here, but if you have any further questions, please get in touch today.
Who does the new regime apply to?
MiFID investment firms authorised and regulated by the FCA, including those previously categorised as BiPRU, IFPRU, and Exempt-CAD, plus collective portfolio management investment firms (CPMIs). Also, holding companies of groups containing any of these firm types.
Why have the prudential regime rules changed?
The FCA’s aim is to simplify prudential requirements for solo-regulated firms and move away from the complexities of having different regimes for different firm types. The authority also believes that IFPR will reduce barriers to entry and facilitate better competition across the investment market.
What’s changed about the application process?
There’s now an additional document in the application pack called the MIFIDPRU supplement form. This requires firms to provide information that the FCA can use to assess suitability for the IFPR regime and ensure the firm is set up on the correct reporting schedule.