Investment Firm Prudential Regime will require individual disclosure - FCA

The IFPR comes into effect 1 January 2022 and will create a single prudential regime for all FCA investment firms. It is a replacement of the EU's Investment Firm Directive, and Investment Firm Regulation. Respondents to the final IFPR consultations in August mostly favoured disclosure either being made on a consolidated basis or one that allowed firms the choice. However, the FCA chose to force firms to adhere to individual disclosure, adding that it will also encourage firms to voluntarily disclose on a consolidated basis. The disclosures include requirements for details on risk ...