Prudential Reporting Services

If you are an organisations that makes discretionary investment management decisions (outside the scope of the AIFMD), you must conduct an assessment of regulatory capital held. The rules oblige your firm to:

• Implement a formal Internal Capital and Risk Assessment ("ICARA") that is an expression of confidence that capital held is commensurate with risks faced.
• Challenge the process annually or event-driven basis.

We can assist you with the preparation of the written ICARA Report by:

• Quantifying the risk appetite and identifying major sources of risks
• Documenting risk mitigation and the control environment
• Quantifying capital requirements
• Preparing financial forecasts and stress testing scenarios
• Creating a wind-down plan 

Preparing and completing the regulatory reporting that organisations must give to regulators can be time-consuming and resource-intensive. Our prudential specialists have extensive experience with executing on this type of reporting in key jurisdictions, including the US, UK and Malta. Hundreds of financial services firms over that time have trusted ACA to file this important information.

We can assist your firm by:

• Providing integrated regulatory advice to principals and Head Office, as required
• Forecasting prudential resources and robust capital planning
• Preparing and filing regulatory returns on systems provided by supervisors, including RegData in the UK reporting (all financial and prudential data items)

However simple or complex your firm’s transparency reporting needs are, our regulatory and reporting team can help ease the burden of this requirement. Our transparency reporting solutions include:

• Ad hoc advice on discrete questions relating to portfolio data or Directive interpretation
• The review and/or challenge of in-house or administrator prepared filings
• Full “managed service” outsourcing for EEA and non-EEA AIFMs required to report to national regulators.

As the impending 1 January 2022 deadline gets ever closer, many firms will be hit with requirements to maintain significantly greater levels of capital.  

And with just 4% of respondents at a recent ACA poll saying they were ready and capitalised for the IFPR, some firms may find themselves under considerable pressure to prepare their programmes.

Our prudential team are on hand to help you: 

• Understand the new rules 

• Implement the changes  

• Address your regulatory reporting obligations 

Learn more