The FCA’s New Prudential Regime


The FCA’s New Prudential Regime

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Upskill your organisation with this is on-demand live online course.
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Course Overview:

The Investment Firm Prudential Regime (IFPR) will set for investment firms a new prudential framework focusing on the specific risks attached to their business models. Firms conducting one or more MiFID-listed investment activities are in scope, while the largest investment firms will continue to be subject to banking prudential regulation.

The IFPR will begin applying in the UK from 1st January 2022. It is already applies in the EU from 26th June 2021.

This course explains the new IFPR framework’ application to different types of investment businesses, enabling firms to implement it in a systematic and compliant manner.







TBD (from 2 to 5 hours)


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Training Objectives:

After completing this course, you will be able to:

  • Determine your firm’s IFPR classification and the relevant rules

  • Develop an IFPR implementation plan to enable your firm to:

    • Prepare for the new monitoring and regulatory reporting regime

    • Reposition risk oversight and risk management to meet IFPR requirements

    • Transition to the new ICARA document

    • Develop a framework for assessing your firm’s future financial adequacy and resilience

Programme Outline:

The objectives of the new prudential regime

IFPR Classification and Scope

  • SNI and non SNI criteria

  • Solo vs. consolidated

  • Conditions for waiver from consolidation

Pillar I and the New K Factor Requirements

  • Review of each component of capital requirements and how they will be calculated, focused on data and examples that are relevant to your firm

Data Collection and Reporting Requirements

  • Review of the process of collecting, storing and analysing the information required for regulatory reporting

  • Further work to implement the required changes to data collection and processes

Changes in the approach to Pillar 2: ICAAP to ICARA

  • What are the changes? How do they fit into regulatory areas of focus e.g., operational resilience, outsourcing etc.?

  • What are the practical impacts on current governance and risk management?

Revised FCA approach to liquidity risk management

Wind down and resolution planning: future regulatory expectations

Bringing the new Pillar 1, Pillar 2 and the FCA review process together

High level review of other aspects of IFPR

The core of the material is slides but these are carefully designed to prompt comment and discussion, they include questions (‘thought exercises’) and also include excerpts from recent Pillar 3 disclosures in order to promote a high degree of participation and interactivity.

CPD Recognition:

This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies where you hold membership.

Additional Details


Date And Time





Live Online (Zoom)

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