IFPR - The Prudential Regime for Investment Firms

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• A summary of the key aspects of the IFPR;
• An overview of the consolidation rules and identification of investment firm groups;
• ICARA preparation with guidance on all constituent parts;
• Regulatory Reporting obligations;
• Remuneration Code.

Key learning Objectives

• Refresh the knowledge of key requirements;
• Understand the key considerations when identifying whether you have an investment firm group;
• Understand what the existence of an investment firm group means for your own funds assessment processes and reporting;
• Understand the FCA’s expectations when preparing a GCT application;
• Gain a better understanding of the FCA’s expectations when preparing your ICARA;
• Understand the central role of a harm-led risk assessment and wind down planning;
• Gain insight into some of the potential issues with preparing the new regulatory returns;
• Understand the main changes to the remuneration rules under the IFPR;
• Receive insight into best practice guidelines for successful IFPR implementation projects.

You may also be interested in our upcoming IFPR Forum, on Wednesday 02 October. 

09:30 Introduction

• Key aspects of the IFPR;
• Prudential consolidation;

09:55 The ICARA

• Structure and contents;
• Risk mapping approach;
• Wind down planning;
• Practical aspects and FCA expectations;

10:55 Tea/Coffee Break

11:00 Regulatory Reporting

• New MIF returns;
• Practical example;

11:30 Remuneration Code

• The three levels of the MIFIDPRU remuneration Code;
• Material risk takers;
• RPS and MIF008.

12:00 Q&A

12:30 Close

This training course is run under the Chatham House Rule, for reference please see here

The discussion on the new rules will be valuable to senior staff members working in risk and finance function, Board members (both independent and non-independent executive directors) and senior management within Investment Management firms (both small/medium-sized firms subject to the k-factors and larger investment firms).

Arka Dey
Arka is a Manager in Financial Services Advisory Team. He specialises in supporting banks and investment firms in matters of prudential regulation such as capital adequacy, risk management, as well as providing general regulatory review and support. He has over nine years of experience around the financial industry, having worked in India for five years at Deloitte and State Bank of India before undertaking a full-time Master’s degree, and later joining BDO UK in 2021. In that time, he has served a wide range of clients in an advisory capacity – spanning large banking regulators, multinational global banks, mid-sized local banks, investment firms (asset managers, wealth managers, CFD traders, stockbrokers), as well as other locally regulated entities within the UK.

His areas of expertise include risk management, stress testing, capital and liquidity adequacy assessment, recovery, and wind-down planning. He has a keen interest in international financial regulation and has helped large financial institutions (and regulators) operate under their applicable local and global regimes. He supports investment firms in implementing prudential regulation in the UK (IFPR) and the EU (IFR/IFD).

Arka holds an MSc in Risk and Finance from the London School of Economics and Political Science (LSE).

Courtney Parker
Courtney is a Manager in the Financial Services Advisory Team. Courtney specialises in a range of Prudential topics, from providing ad-hoc advice through to supporting Skilled Person reviews for Banks and Investment Firms. Courtneys key experience focusses on COREP reporting, IFPR Implementation and MIF returns, ICAAP and ILAAP.

Over the past three years, Courtney has dedicated her efforts to providing comprehensive training on IFPR implementation. Courtney’s work has involved conducting in-depth Internal Audit (IA) reviews for multiple firms to ensure their compliance with IFPR requirements. In addition to training and audit work, Courtney has also been actively involved in reviewing MIF returns, ensuring that firms meet the necessary regulatory standards.

Courtney’s hands-on experience and practical insights make her well-equipped to guide you through the complexities of IFPR.

IA Member £395.00 +VAT
Non-Member £545.00 +VAT

Pay using a credit card online, or if you wish to be invoiced please email your full details to: Training@theia.org

PLEASE NOTE: Full payment for the course must be made prior to the course commencement date.

• Any cancellation must be made in writing.
• For all cancellation received 15-30 days prior to the course start date, 50% of the course fee is still payable.
• No refund is given for a cancellation made 14 days or less prior to the commencement of a course.
• Transferring from one course to another is treated as a cancellation.
• You can substitute one delegate for another at no additional cost. In this instance, please give two business days’ notice.