The post below was first published on our FSR and Corporate Crime blog.

With just four months to go until the start of the Investment Firms Prudential Regime (IFPR) on 1 January 2022, the FCA has recently published policy statements to its first two consultations on the IFPR, PS21/6 and PS21/9. Published in June and July 2021, respectively, the policy statements summarise the feedback on the earlier consultations, CP20/24 and CP21/7, and set out the FCA’s response and near-final rules. The FCA also published its (third and) final consultation paper on the IFPR, CP21/26, on 6 August 2021. The final policy statement and rules will be published in Q4 2021.

We have prepared two briefings covering various aspects of the IFPR:

  • A Guide to FCA Policy Statements and Final Consultation on IFPR, which sets out a combined topic area overview of the two policy statements, with brief commentary highlighting selected points of interest, followed by a summary overview of CP21/26. The full briefing is available here.
  • A Guide to the MIFIDPRU Remuneration Code for UK Investment Firms, which sets out details of the remuneration provisions of PS21/9 and how these will apply to different categories of UK investment firms. The full briefing is available here.

 

 

Clive Cunningham
Clive Cunningham
Partner
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Mark Ife
Mark Ife
Partner
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Paul Ellerman
Paul Ellerman
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Katherine Dillon
Katherine Dillon
Of Counsel
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Patricia Horton
Patricia Horton
Professional Support Lawyer
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Mark Staley
Mark Staley
Senior Associate
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Emma Reid
Emma Reid
Associate
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