UK Investment Firms Prudential Regime ('UK IFPR')


The new UK prudential regime for MiFID investment firms (IFPR) is set to take effect on 1 January 2022. The new prudential rules introduce more complex and onerous capital, liquidity, reporting, governance and remuneration requirements for affected firms. The new remuneration requirements for UK MiFID investment firms are divided in basic, standard, and extended remuneration obligations and will depend on the investment firm’s classification as either a small and non-interconnected firm (SNI) or a non-SNI, and its on-and-off balance sheet.