FCA sets out five priorities for 2019/20; plans new MiFID prudential regime

Brexit remains key priority

The financial watchdog has published its business plan for the year ahead and it has set out five key priorities for the next 12 months.

Investment management One of the key areas the FCA will focus on for the investment management sector is a consultation on introducing a new prudential regime for MiFID investment firms, which create a more "appropriate" set of requirements for their business models than the existing CRD IV regime. The regulator said the new regime with be aligned with the EU Investment Firms Directive and Regulation and is expected to be operational by 2020/2021. The consultation paper will be published in the second half of this year.  In its Business Plan 2019/20, the FCA said: "The new regime ai...