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IFR/D - The new prudential regime for investment firms

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Etay Katz

Partner

London

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Wieckowski Andrzej
Andrzej Wieckowski

Senior Associate

London

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16 July 2020

The Investment Firm Regulation (IFR) and Investment Firm Directive (IFD) establish a new prudential regime for investment firms. They are both due to apply from 26 June 2021.

UK HM Treasury has recently confirmed its intention to introduce a new prudential regime for investment firms based on IFR/D (though signalling potential divergence) through FCA rules, and the FCA has recently published a discussion paper on this topic.

Firms need to start their preparations for IFR/D now to be ready for next year. In this short guide, we summarise what you need to know and what you need to do.