A Guide to FCA Policy Statements and Final Consultation on IFPR and A Guide to the MIFIDPRU Remuneration Code

The post below was first published on our FSR and Corporate Crime blog.

With just four months to go until the start of the Investment Firms Prudential Regime (IFPR) on 1 January 2022, the FCA has recently published policy statements to its first two consultations on the IFPR, PS21/6 and PS21/9. Published in June and July 2021, respectively, the policy statements summarise the feedback on the earlier consultations, CP20/24 and CP21/7, and set out the FCA's response and near-final rules. The FCA also published its (third and) final consultation paper on the IFPR, CP21/26, on 6 August 2021. The final policy statement and rules will be published in Q4 2021.

We have prepared two briefings covering various aspects of the IFPR:

• A Guide to FCA Policy Statements and Final Consultation on IFPR, which sets out a combined topic area overview of the two policy statements, with brief commentary highlighting selected points of interest, followed by a summary overview of CP21/26. The full briefing is available here.
• A Guide to the MIFIDPRU Remuneration Code for UK Investment Firms, which sets out details of the remuneration provisions of PS21/9 and how these will apply to different categories of UK investment firms. The full briefing is available here.