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.
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.
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
What clients say
B-Compliant seem to have the balance just right for small financial advisers like us from a support and price point. They offer on-site visits or remote help, both of which are extremely helpful. Vicky and her team offer a no-nonsense approach to compliance where what you see is what you get. Perfect!
B-Compliant has delivered everything that we expected, and then some – even at short notice. I feel that they have our best interests at heart, and I have complete confidence in the guidance they provide. They have a flexible approach and a great work ethic.
What we want from a compliance consultant is threefold: to keep our compliance programme both up to date and (more importantly) effective, to offer solutions and not point out problems, and, yes, to be fairly priced! We get all three from B-Compliant.
It’s early days in our relationship with Vicky and B-Compliant, but my business partners and I have so far been very impressed with the service and technical knowledge provided. For the first time in a long time, we can see compliance in a more positive light, as a tool to improve our business as a whole.
of clients believe working with us has helped or will help them to achieve their compliance objectives
of clients would recommend us to other firms or connections
of clients are very satisfied that we understand their regulatory 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.
Meet the team
You can rely on our experts to deliver dedicated, personable compliance support. Say hi and learn what we can do for you.