FCA says Investment Firm Prudential Regime will require individual disclosure

Comes into effect 1 January 2022

Elliot Gulliver-Needham
clock • 1 min read

The Financial Conduct Authority (FCA) has said in its final policy statement on the UK Investment Firm Prudential Regime (IFPR) that disclosures for the regime will be required on an individual entity-level basis.

The IFPR comes into effect 1 January 2022 and will create a single prudential regime for all FCA investment firms. It is a replacement of the EU's Investment Firm Directive, and Investment Firm Regulation. In the responses received for the final IFPR consultations in August, most favoured disclosure either being made on a consolidated basis or allowing firms the choice. However, the FCA chose to force firms to mandatory individual disclosure, adding that it will also encourage firms to voluntarily disclose on a consolidated basis. FCA pours £5m into laptops in bid to ramp up hybrid...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week