What the FCA capital resources rules mean for advisers

FCA laid down final rules in December

clock • 4 min read

Aileen Lynch looks at the new capital requirements for personal investment firms laid out by the FCA...

The regulator has published its final rules relating to the changes to capital resources in policy statement PS15/28: Capital resources requirements for personal investment firms (PIFs).  These rules detail the amount of capital firms have to hold to ensure they meet their liabilities. It's my opinion that, while a number of the proposals did not contain a sufficient level of detailed background research, or could have been viewed as a barrier to entry and therefore restricted effective competition, the major concern was the funding of the Financial Services Compensation Scheme (FSCS)...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

The impact of the Overseas Fund Regime explained

The impact of the Overseas Fund Regime explained

Initially covers UCITS funds issued in most EU and EEA member states

Mark Rendle
clock 18 August 2025 • 3 min read
Viewing Consumer Duty through the vulnerability lens

Viewing Consumer Duty through the vulnerability lens

Clients can be vulnerable in many ways

Mark Sanderson
clock 14 August 2025 • 4 min read
Why the FCA's data request demands more than compliance

Why the FCA's data request demands more than compliance

Shift towards data-driven regulation arrives at a 'pivotal juncture'

Claire Cherrington
clock 31 July 2025 • 4 min read