Investment Firm Prudential Regime - New remuneration rules in force
31 January 2022
The UK’s new Investment Firm Prudential Regime (the IFPR) for MiFID investment firms and Collective Portfolio Management investment firms (together MiFID Firms) took effect from 1 January 2022, and this includes new remuneration rules for performance periods starting on or after 1 January 2022.
Implementation planning is well underway for some firms, but for those grappling with the impact of the changes there is still time to plan and to adapt remuneration strategies to ensure compliance.
This briefing gives an overview of the new remuneration rules and of some of the tricky issues that firms will need to navigate.