Our Ultimate Guide to IFPR gives you guidance on how to prepare for IFPR, or Investment Firms Prudential Regime.
The regulatory changes came into force on 1st of January, and require you to compile and submit your report by April. Those who fail to submit before the due date, will risk facing a penalty.
New Prudential Regime for Investment Firms
According to the FCA, companies need to comply if they fit the following criteria:
- MiFID investment firms authorised and regulated by FCA
- Collective Portfolio Management Investment Firms (CPMIs)
- Regulated and unregulated holding companies of groups that contain either of the above.
Investment Firms Prudential Regime Guide
The Ultimate Guide to IFPR contains the leading advice from both legal and financial experts. It outlines the key changes brought on by IFPR and helps you understand exactly how to transition to the new regime. Keep it on hand as a reference guide as you start preparing.
FCA IFPR Consultation
The changes that IFPR brings mean that the report is not a simple task of pulling data. Is your software set up to create the report that ticks all the boxes and achieves compliance?
It's critical to give yourself enough time to build the reporting. If you’re using bespoke software, you could save a lot of time and frustration by speaking to one of our specialists who can advise you on the best way forward.
Ensure Accuracy for Peace of Mind
Companies like Argentex have worked with Synetec to ensure their reporting achieves compliance with changing FCA regulations.
We’ve been enabling the automation of new reporting on their existing software, minimising compliance risk and streamlining processes.
