On 17 September 2021, FIA submitted a brief response to the third FCA consultation (CP21/26) on the proposed UK prudential regime for investment firms (UK IFPR). The points FIA brought to the FCA’s attention include a comment on remuneration disclosure requirements for non-SNI firms and an ask that the FCA revisit/increase the threshold that it set years ago for determining ‘significant IFPRU firms’ (‘significant SYSC firms’ under UK IFPR). The UK IFPR is set to come into effect on 1 January 2022.
