Preparing for IFPR

A new prudential regime for MiFIDinvestment firms in the United Kingdom is just six months away and will requirecareful preparation by relevant entities. Lucy Hadrill and EmmaRadmore set out what we know so far and what firms should be working on.

Lucy Hadrill(solicitor)and Emma Radmore(legal director) are members of Womble BondDickinson’s financial services team in London. Contact themonlucy.hadrill@wbd-uk.com andemma.radmore@wbd-uk.com.

January 2022 will see the arrival of theFinancial Conduct Authority’s new prudential regime for UK investment firmsauthorised under the Markets in Financial Instruments Directive (MiFID) as it still applies in UK law.The UK Investment Firm Prudential Regime (IFPR) represents a major shake-up for FCA investment firms and,with just over six months to go, it is crucial that firms prepare adequatelyfor the new regime.