The IFPR comes into force on 1 January 2022. It builds on the FCA’s financial resilience framework of FG20/1, and additionally the FCA's two Consultation Papers (CPs) on IFPR and near-final rules as contained within the FCA Policy Statement PS21/6, with another CP and two further Policy Statements and rules to be published in 2021. The IFPR will affect all current BIPRU, IFPRU, matched principal brokers and exempt-CAD firms, amongst others.
There is now only a short amount of time to prepare to ensure compliance with the new rules.
DWF is able to provide you with guidance, impact assessments and gap analyses on all matters relating to IFPR. Please contact Andrew Jacobs for further details or to arrange a discussion on IFPR.