Investment Firm Prudential Regime – How to prepare
On 1st January 2022, the UK adopted a more proportionate and fit-for-purpose prudential regime for investment firms known as the Investment Firms Prudential Regime (IFPR).
IFPR – ICARA Process video series
The new prudential regime for investment firms, the IFPR, entered into force on January 1st 2022, and firms continue their journey towards full compliance. Our experts discussed in detail some of the most topical questions that have arisen since the beginning of the year.
How Mazars can help
Our experienced regulatory compliance and risk management specialists will draw upon their detailed understanding of prudential changes, regulatory expectations, and best practices to provide high-quality services tailored to support your transition to IFPR.
- Advice on a technical interpretation of the new prudential regime requirements
- Assess the impact and understand firm-wide opportunities, challenges and changes required
- Design and project manage an action plan
- Design and implement changes to processes, models, systems, and controls
- Post-implementation review of processes, reports, and documentation to assess and confirm compliance
- Deliver bespoke training to your teams to increase awareness around the new prudential regime
IFPR - How to prepare video series
Since January 1st 2022, the deadline for firms in scope for MiFID 2 to implement a new prudential regime known as IFPR, there are certain criteria that firms will have to know, implement, and abide by.
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