{"id":1696,"date":"2021-11-30T15:13:48","date_gmt":"2021-11-30T15:13:48","guid":{"rendered":"https:\/\/www.xp-49.com\/?p=1696"},"modified":"2021-12-29T15:24:34","modified_gmt":"2021-12-29T15:24:34","slug":"30th-november-2021-uk-fca-policy-statement-implementation-of-investment-firms-prudential-regime-ps21-17","status":"publish","type":"post","link":"https:\/\/www.xp-49.com\/30th-november-2021-uk-fca-policy-statement-implementation-of-investment-firms-prudential-regime-ps21-17\/","title":{"rendered":"30th November 2021 &#8211; UK FCA Policy Statement &#8211; Implementation of Investment Firms Prudential Regime (PS21\/17)"},"content":{"rendered":"<p>The FCA issues a Policy Statement to implement the prudential regime applicable to Investment Firms (the IFPR).<\/p>\n<p>The regime will apply to many UK registered firms:<\/p>\n<ul>\n<li>any MiFID investment firm authorised and regulated by the FCA that is currently subject to any part of the Capital Requirements Directive (CRD) and the Capital Requirements Regulation (CRR)<\/li>\n<li>including amongst others investment firms that are currently subject to BIPRU and GENPRU<\/li>\n<\/ul>\n<p>This is the &#8220;final act&#8221; in the Brexit process and the dissociation of the UK prudential regime from EU regulations, for that sector of activity.<\/p>\n<p>The FCA state on their website that &#8220;[their] baseline approach is for consistency with the EU regime, unless [they] have specific reasons for diverging to reflect the nature of the UK market or otherwise comply with [the FCA] duties under Part C of FSMA (as inserted by the FS Act)&#8221;.<\/p>\n<p>The IFPR will take effect very shortly: on 1 January 2022.<\/p>\n<p>FCA IFPR main page: <a href=\"https:\/\/www.fca.org.uk\/firms\/investment-firms-prudential-regime-ifpr\">https:\/\/www.fca.org.uk\/firms\/investment-firms-prudential-regime-ifpr<\/a><\/p>\n<p>FCA PS21\/17: <a href=\"https:\/\/www.fca.org.uk\/publications\/policy-statements\/ps21-17-new-uk-prudential-regime-mifid-investment-firms\">https:\/\/www.fca.org.uk\/publications\/policy-statements\/ps21-17-new-uk-prudential-regime-mifid-investment-firms<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FCA issues a Policy Statement to implement the prudential regime applicable to Investment Firms (the IFPR). The regime will apply to many UK registered firms: any MiFID investment firm authorised and regulated by the FCA that is currently subject to any part of the Capital Requirements Directive (CRD) and the Capital Requirements Regulation (CRR) [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[22,27,40,21],"_links":{"self":[{"href":"https:\/\/www.xp-49.com\/wp-json\/wp\/v2\/posts\/1696"}],"collection":[{"href":"https:\/\/www.xp-49.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.xp-49.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.xp-49.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.xp-49.com\/wp-json\/wp\/v2\/comments?post=1696"}],"version-history":[{"count":1,"href":"https:\/\/www.xp-49.com\/wp-json\/wp\/v2\/posts\/1696\/revisions"}],"predecessor-version":[{"id":1697,"href":"https:\/\/www.xp-49.com\/wp-json\/wp\/v2\/posts\/1696\/revisions\/1697"}],"wp:attachment":[{"href":"https:\/\/www.xp-49.com\/wp-json\/wp\/v2\/media?parent=1696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.xp-49.com\/wp-json\/wp\/v2\/categories?post=1696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.xp-49.com\/wp-json\/wp\/v2\/tags?post=1696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}