Apex Ebook

The impact of a new UK prudential regime on MiFID investment firms 

The Financial Conduct Authority (FCA) has announced significant changes in legislation that will affect investment managers, advisors and brokers who provide Markets in Financial Instruments Directive (MiFID) services in the UK. 

The Investment Firms Prudential Regime (IFPR), to be introduced on January 1 2022, aims to provide a more proportionate and risk-focussed regime for MiFID investment firms, with the regime distinguishes between “small and non-interconnected investment firms” (“SNI” firms) and non-SNI firms.


All firms will be required to make some disclosures however regarding their remuneration policies and practices as part of the FCA’s efforts to better protect consumers, clients and markets – and all will be expected to be compliant by the time the new regime comes into practice.


To help, we have created an e-book that summarises the different classifications and the requirements expected of firms for each of those, along with the steps they need to take to get ready for these looming changes.
 

Download our e-book to find out more.

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