FCA publishes its Second Consultation on the Implementation of the UK Investment Firms Prudential Regime
By EsqSocial Corporation 26/04/21
On 19 April 2021, the Financial Conduct Authority (“FCA”) published the second out of three consultation papers on the implementation of the Investment Firms Prudential Regime (“IFPR”) (CP21/7). The IFPR is a new UK prudential regime for investment firms authorised under the Markets in Financial Instruments Directive (EU/2014/65) (“MiFID”) and will come into force from 1 January 2022. For further details about the new prudential regime in general, please refer to our update from June 2020. We...
By: Proskauer Rose LLP