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

highway at night from overhead

6 Hot Topics in Employee Compliance

Is your code of ethics monitoring and personal trade surveillance compliance program built to beat the heat? This blog post recaps our recent webcast on this topic and provides best practices for navigating complex and evolving areas of compliance management, including cryptocurrency, pay-to-play, robo-advisors, and more.

Article
  • RegTech
ccpa privacy

CCPA Amendments to Be Finalized in October 2019

The California Consumer Privacy Act (CCPA) is scheduled to go into effect on January 1, 2020.

Compliance Alert
  • Cybersecurity
  • Privacy
highway at night from overhead

Six Ways Financial Organizations Stumble Over KYD for Financial Crime Technology

Effective AML compliance requires a data governance program to address the acquisition and management of the data – also known as “know your data” or KYD. This is a hot topic for financial institutions monitoring client transactions for money laundering, terrorist financing, or other forms of financial crime.

Article
  • AML and Financial Crime
highway at night from overhead

Firms’ Non-Financial Misconduct Under FCA Spotlight Thanks to SM&CR

Sexual harassment and other forms of “non-financial misconduct” are now on equal footing with types of financial misconduct with the FCA. Firms and employees are at risk of regulatory sanctions for failure to fulfill the FCA’s evolving diversity and inclusion expectations.

Article
  • Compliance
curved glass building looking up at a blue sky

Joint Statement About Broker-Dealer Custody of Digital Asset Securities

A company that effects transactions in digital asset securities for its own account or the accounts of others must register as a broker-dealer under Section 15 of the Securities Exchange Act of 1934. In addition, these companies must meet the requirements of Rule 15c3-3 (the “Customer Protection Rule”) if they intend to custody digital asset securities.

Compliance Alert
  • Compliance
abstract black and white looking up at building

ACA Compliance Group sells majority stake in Cordium Malta Limited

ACA has sold its majority stake in Cordium Malta Limited (“CML”) to Adam de Domenico. ACA acquired the entity in August 2018 as part of the acquisition of Cordium.

Press Release
  • ACA News

News

ACA Mirabella Celebrates Ninth Consecutive Year of Success at With Intelligence HFM European Services Awards

We are proud to announce we have secured victory in three prestigious categories at the With Intelligence HFM European Services Awards.

ACA Announces Expansion of the Executive Leadership Team with Key Appointments

ACA Group announces the addition of two distinguished professionals to its executive leadership team, Jaime Klein as Chief Human Resources Officer and Alex Fischer as General Counsel.

Highlights From the 2024 ACA Conference

As the curtains close on the 2024 ACA Conference, the echoes of transformative dialogue and insightful revelations resonate, shaping the trajectory of GRC in financial services.

Events