Come January 2022, The IFPR will come into force and usher in simplified prudential rules for investment firms. IFPR, in comparison to the old prudential rulebooks of GENPRU, BIPRU and IPRU is, in our opinion, a model of simplicity as it is much easier to work out the prudential requirements and regulatory capital of investment firms.
We have produced below a simple summary of the IFPR and the potential sting in the tail for investment firms.
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