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Capital Requirements Investment Firms Financial Services Industry

A&O Shearman

FCA consultation on definition of capital for FCA investment firms

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published a consultation paper (CP25/10), along with a press release and an updated webpage, proposing to remove all references to the UK Capital Requirements Regulation (UK CRR)...more

Proskauer Rose LLP

Regulation Round Up - July 2023

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31 July - ESG: The European Commission adopted a Commission Delegated Regulation, setting out the first set of European Sustainability Reporting Standards (“ESRS”), together with a Q&A (see press release). The ESRS specify...more

Proskauer Rose LLP

The UK Investment Firms Prudential Regime Effective 1 January 2022: Key considerations for Investment Firms

Proskauer Rose LLP on

What is the IFPR? The new UK Investment Firms Prudential Regime (“IFPR”) will come into force on 1 January 2022 and will apply to UK investment firms authorised under the Markets in Financial Instruments Directive (“MiFID”)...more

Jones Day

Capital Relief for Software Assets: European Commission Amends Own Fund Requirements

Jones Day on

The Development: New Regulation (EU) 2020/2176 (the "Regulation") provides regulatory capital relief, allowing certain software assets to be considered when calculating Common Equity Tier 1 ("CET1") capital. It entered into...more

BCLP

Investment Firms: A new prudential framework

BCLP on

What is it? The EU has finalised and issued a new framework for the prudential regulation of investment firms. It will set new classification for investment firms that will in turn determine which of the new capital...more

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