FCA publishes final IFPR rules

The FCA has converted the near-final rules from its first two policy statements on IFPR into final rules, which are set out in the legal instruments FCA 2021/38 and FCA 2021/39. The FCA will publish a third policy statement by the end of 2021 following its third and final consultation in the summer.

Alongside the final rules, the FCA has also published:

The FCA will be sending out a questionnaire to all existing FCA investment firms in November asking for various key information, eg their expected SNI status, investment firm group membership/ composition and expected ICARA reporting date.

The new regime comes into force on 1 January 2022.

Lucy Hadrill