Regulatory AlertsPS21/17: A new UK prudential regime for MiFID investment firms
The Financial Conduct Authority issued Policy Statement PS21/17 to establish a new prudential regime for UK MiFID investment firms. This document finalizes rules that replace the previous capital requirements with a tailored framework designed to ensure financial resilience and consumer protection. The changes take effect following the consultation period that closed in September 2021, marking a significant shift in the regulatory landscape for these firms.
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