Regulatory AlertsPS21/9: Implementation of Investment Firms Prudential Regime
The Financial Conduct Authority issues Policy Statement 21/9 to implement the UK Investment Firms Prudential Regime, which is expected to take effect in January 2022. This new single prudential regime applies to various MiFID investment firms and their holding companies, replacing previous capital requirements to simplify regulation and enhance competition. The document finalizes rules for these entities while noting that further consultation and policy statements will follow in the fourth quarter of 2021.
Share