Latest FCA consultation focuses on remuneration, risk management and governance, and liquidity requirements.

By Rob Moulton and Charlotte Collins

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. For an overview of the proposed UK regime, please see this Client Alert.