IFPR - The Prudential Regime for Investment Firms

• 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.

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).

Osita Egbubine

Osita is an Associate Director in the Financial Services Advisory team at BDO UK with over 14 years’ experience providing audit and consulting services, the last nine of which have been in the financial services sector.

Osita has broad experience on FCA regulatory matters. His work includes helping investment firms achieve FCA authorisation and maintaining ongoing compliance. He works with a diverse portfolio of firms across the fintech, capital markets and asset management sectors. Osita is a member of BDO’s Prudential FS Advisory team with expertise in the investment firms prudential regime. His recent experience includes assignments in IFPR implementation and ongoing advisory, training, ICARA reviews, wind-down and recovery planning, risk management framework design and review; and compliance frameworks design and implementation.

Osita holds an MSc Finance and Management degree from Cranfield School of Management and a Level 6 Diploma in Investment Compliance from the Chartered Institute for Securities and Investment.

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 processes, risk management processes as well as providing general regulatory review and support. He has over five years of experience in the financial industry, including having previously worked at Deloitte India and State Bank of India before undertaking a Masters in Risk and Finance, and 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 resolution planning 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 also supports investment firms in implementig 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).

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.

Hybrid Training Courses:

Hybrid deliveries of our training allows participants on our courses the option to attend in-person here from our offices at Camomile Court, or you can attend virtually via MS Teams.

Please be advised a training course could change from hybrid delivery to solely virtual delivery. In such an event, we will inform delegates at least one week prior to the course delivery date.

There are a limited number of in-person spaces available on this course and this will be allocated on a first come first served basis.