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:  

Resource White Paper Icon Two Tone
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.

Compliance Managed Services
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. 

Resource Checklist Icon Two Tone
Regulatory Reporting

We offer a comprehensive 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. 

Learn more

1 of

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.

Architecture curved window
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

modern building from below

Tip for Updating Your Compliance Program: Shareholder Reporting Requirements and Amendments to Advertising Rules

The SEC's new rule amendments for mutual funds and ETFs aim to provide concise shareholder reports and require physical delivery instead of online posting. The amendments also introduce new advertising requirements for fee and expense figures.

Article
  • Compliance
  • SEC
  • Mutual Fund
ACA Group Appoints Patrick Olson as Chief Executive Officer

ACA Group Appoints Patrick Olson as Chief Executive Officer

17-year BlackRock veteran with blend of industry expertise, client relationships and global operating experience, will help drive growth and innovation.

News
  • ACA News
city streets at night from above

SEC Staff Bulletin – Standards of Conduct for Broker-Dealers and Investment Advisers Care Obligations

The SEC issued guidance on the Care Obligation of Reg BI, emphasizing understanding risks, obtaining investor information, considering alternatives, and exercising caution with complex products.

Article
  • SEC
  • Compliance
geometric background

Tip for Updating Your Compliance Program: Enhanced Proxy Voting Requirements

New SEC rules require standardized categorization, machine-readable filing, and sharing of mutual fund proxy votes and shares, with say-on-pay votes reported on Form N-PX by institutional investment managers worth $100 million or more only if they vote.

Article
  • Compliance
  • SEC
abstract interior

U.S. Regulatory Update – May 2023 Edition

This update includes insights on the third SEC Bulletin on Reg BI and Fiduciary Standard of Care, Ransomware Reminders, New N-PX Reporting, and the looming FTC Safeguards Rule.

Newsletter
  • Compliance
  • SEC
solar panel

Meeting the Evolving ESG Demands of Institutional Investors

Despite market challenges, sustainable investing remains a strong growth driver for ACA clients. Although institutional asset owners show increasing interest in this area, it can be challenging to find compelling investment offerings.

Article
  • ESG

News

ACA Group Appoints Patrick Olson as Chief Executive Officer

17-year BlackRock veteran with blend of industry expertise, client relationships and global operating experience, will help drive growth and innovation.

Celebrating Asian Pacific American Heritage Month at ACA Group

ACA is committed to nurturing an inclusive workplace. We share some of exciting ways the company celebrates Asian Pacific American Heritage Month (APAHM).

ACA Group Wins Big at 2023 HFM European Services Awards

ACA's client-focused model and technology-enabled solutions continue to set them apart.

Events