Regulatory Alerts2025-10-15
Added · Updated
PS25/14: Definition of capital for FCA investment firms
The FCA establishes a standalone framework for regulatory capital within MIFIDPRU 3 for FCA investment firms, removing all cross-references to the UK Capital Requirements Regulation. The final rules clarify what qualifies as own funds, simplify language, and remove bank-specific provisions while maintaining existing capital levels and structures. A key procedural change moves the inclusion of interim profits in CET1 capital from a permission-based to a notification-based approach. These changes affect all entities subject to MIFIDPRU, including investment firms and specific parent undertakings, and come into effect on 1 April 2026.
More like this from FCA
FCA published 5 documents in the last 30 days. We email you each new one the day it's published.