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Investment Firm Prudential Regime (IFPR) Support
Prepare a robust prudential programme to meet new regulatory expectations.
The Investment Firm Prudential Regime (IFPR) came into force on 1 January 2022, directly impacting any group that owns an FCA authorised firm that provides MiFID investment services and activities - regardless of their location.
These new prudential rules introduce more complex and onerous capital, liquidity, reporting and governance requirements for affected firms - many are now facing requirements to maintain significantly greater levels of capital.
It's vital that impacted firms understand and implement the new requirements to stay on the right side of the regulator.
Our Solutions
Our experienced prudential team are on hand with a wide range of solutions designed to you implement and maintain your IFPR obligations. These include:
Understanding the new rules
The FCA has already published one Discussion Paper and two consultation papers on IFPR, to be followed by a third consultation paper and a final policy statement.
Rooted in a firm grasp of the detail and underlying objectives of the new regime, our IFPR Implementation Planner and other briefing documents boil these requirements down to the essential details.
Implementing the changes
We will take you step-by-step through embedding the changes into your financial control and compliance frameworks.
This will include documentation such as the new ICARA and regulatory reporting formats, revised remuneration policies, plus supporting compliance and monitoring collateral. Our aim is to support you through the changes, while causing minimal disruption to your business.
Regulatory Reporting
We offer a comprehensive IFPR regulatory reporting solution that addresses all your FCA obligations on an on-going basis.
We also offer ICARA services as well as transparency or Annex IV reporting solutions, all of which can be built into a package of compliance review services.
IFPR by the numbers
Polls conducted during ACA’s European Regulatory Horizon virtual conference in March 2021 found that:
State of readiness
4%
said they are ready and capitalised for the IFPR.
Biggest challenge
49%
feel compliance systems and resources, including the drafting of new procedures, are the most impactful area of the regime.
Greatest impact
29%
29% see increased capital requirements as having the greatest impact.
The UK’s Investment Firm Prudential Regime
13 Key Considerations for Successful Implementation
The Investment Firm Prudential Regime (IFPR) directly impacts any group that owns an FCA authorised firm that provides MiFID investment services and activities.
Time is ticking for firms to get their programmes in place. Download our checklist to find out top tips to address your obligations, ahead of the 1 January 2022 deadline.
Latest insights
Q1 2021 GIPS Compliance Mandate Update
The first in a series of quarterly updates, we provide a snapshot of institutional mandates and how those mandates ask about the calculation and presentation of performance. This information provides good insight into the demand for compliance with the GIPS standards and how that demand evolves over time.
Article
- Performance
FCA Publishes Consultation Paper 21/7 – A New UK Prudential Regime for MiFID investment firms
Following the publication of the FCA's latest Investment Firm Prudential Regime (IFPR) proposals, we examine the impact on MiFID investment firms, including key highlights, considerations, requirements and deadlines.
Compliance Alert
- Compliance
- Managed Services
Form PF Reminders for Advisors to Private Funds and Hedge Funds
We discuss why Form PF is so important, and share guidelines for meeting the SEC's filing requirements.
Article
- SEC
- Compliance
2021 Investment Management Compliance Testing Survey
ACA Group, the Investment Adviser Association, and Yuter Compliance Consulting invite you to participate in the 2021 Investment Management Compliance Testing Survey. This survey, now in its 16th year, gathers anonymous information from U.S. investment advisers of all types and sizes for the purpose of reporting on industry trends.
Survey
- Compliance
U.S. Department of Labor Offers Cybersecurity Guidance for Retirement Plan Administration
On April 14, the U.S.DOL issued a news release with guidance on cybersecurity for retirement plan administration aimed at plan sponsors, fiduciaries, record-keepers and participants of plans regulated by ERISA, the federal law that sets the minimum standards for retirement and health plans in private industry. Get the details on this guidance as well as our recommendations.
Cyber Alert
- Cybersecurity
GIPS Compliance & Verification Requirements FAQ
There are a number of important considerations that must be made before a firm can attain compliance with the GIPS standards. In the following, we describe a few of the most common questions that firms often ask as they consider taking on this initiative.
Article
- Performance
News
ACA Group Acquires Global Trading Analytics to Offer Clients Leading Transaction Cost Analysis Capabilities
ACA Group Acquires Global Trading Analytics to Offer Clients Leading Transaction Cost Analysis Capabilities
Five ACA Group Leaders Recognized Among the 2&20 Top 100 Most Influential People in the Service Provision for Alternative Investment Firms
Five ACA Group Leaders Recognized Among the 2&20 Top 100 Most Influential People in the Service Provision for Alternative Investment Firms
ACA Group Recognized as RegTech100 Company for Fifth Consecutive Year
ACA Group Recognized as RegTech100 Company for Fifth Consecutive Year