Prudential Reporting Services

Simplify your regulatory reporting and prudential management obligations

Regulators continue to increase their focus on a firm’s capital monitoring and forecasting, and regulatory reporting processes. In turn, investment management and advisory organisations continue to seek expertise in regulatory oversight.

In addition, the Investment Firm Prudential Regime (IFPR) is due to be implemented for all MiFID investment firms by 1 January 2022. Developed by the European Commission (EC) and to be adopted by the FCA, the proposed new prudential rules introduce more complex and onerous capital, liquidity, reporting and governance requirements for many firms.

ACA's experienced prudential team are on hand with a wide range of solutions designed to help make your regulatory reporting obligations as simplified and seamless as possible.

Our solutions

These services can be built into a package of compliance review services.

ICAAP 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 Adequacy Assessment Process ("ICAAP") 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 ICAAP 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 
Regulatory Reporting

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 GABRIEL in the UK reporting (all financial and prudential data items)
Transparency or Annex IV Reporting Solutions

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.
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Our team

Headshot of James Andrews

James Andrews

Managing Director

James is responsible for providing technical input across a range of complex regulatory topics and specialises in supporting hedge funds.

Bobby Johal

Bobby Johal

Managing Director

Bobby Johal is a Managing Director at ACA.

Headshot image of James Pont

James Pont

Principal Consultant

James Pont is responsible for prudential reporting services, including regulatory reporting and support with ICAAP and IFRD.

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Latest insights

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FCA Announces 15-Month Transition Period for its Post-Brexit Handbook

The FCA recently provided updates about the impact of on-shoring EU legislation at the end of the Brexit transition period. We examine what this, the Temporary Transition Power, and changes to the FCA's handbook mean for firms.

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UPDATE: FCA Announces Last-Minute Extension of MiFID 10% Depreciation Reporting in the UK

The FCA have issued a last-minute statement declaring a further six-month extension and subsequent amendments to the Covid-19 measure brought into effect in March 2020. As a result, the MiFID 10% Depreciation Regime has now been extended to 30 March 2021.

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News

ACA Group Announces ComplianceAlpha® 2021Q2 with New Features Designed to Help Financial Services Firms Meet Increasing Demands for Digitizing Compliance Programs

ComplianceAlpha 2021 Q2 introduces a suite of new features and sophisticated technology enhancements designed to help firms globally build more comprehensive and scalable GRC programs in line with the expectations of regulators, boards, management, clients, and investors.

Russell Investments Selects ACA Group’s ComplianceAlpha to Modernize Their Risk and Compliance Program from a Single Platform

Russell Invesments has selected ACA's ComplianceAlpha® to help modernize and streamline their compliance program.

We Are Now ACA Group

This week, ACA Compliance Group made the move to ACA Group, better known to our clients and industry partners as ACA.

Upcoming events

ComplianceAlpha® Demo

Join us as ACA's Jordan Schwartz will provide a live demo of the new features recently added to ComplianceAlpha®.

Webcast