Regulatory Alerts2021-08-05
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PS21/17: A new UK prudential regime for MiFID investment firms
The Financial Conduct Authority issued PS21/17 to establish a new UK prudential regime specifically tailored for MiFID investment firms. This policy replaces legacy EU capital requirements with domestic rules governing capital adequacy, liquidity buffers, and governance standards calibrated to each firm's risk profile and scale. The framework aims to preserve financial stability and investor protection while reducing unnecessary compliance costs for the sector.
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