Latest FCA consultation focuses on remuneration, risk management and governance, and liquidity requirements.
Key Points:
The consultation:
..Sets out the FCA’s proposals for the new remuneration rules for FCA investment firms
..Further covers own funds requirements, liquidity requirements, and the regulator’s expectations regarding risk management and governance
..Closes on 28 May 2021
On 19 April 2021, the FCA published its second Consultation Paper (CP21/7) on the new UK investment firms prudential regime (IFPR). The IFPR will create a new prudential regime for FCA-authorised MiFID investment firms, and will reflect (but not mirror exactly) the EU IFD/R regime.
Please see full publication below for more information.
