According to the FCA’s website the IFPR aims to streamline and simplify the prudential requirements for MiFID investment firms that we prudentially regulate in the UK (FCA investment firms).

In line with our objectives and Mission, it refocuses prudential requirements and expectations away from the risks firms face, to also consider and look to manage the potential harm firms can pose to consumers and markets.

The IFPR aims to streamline and simplify the prudential requirements for MiFID investment firms that we prudentially regulate in the UK (FCA investment firms).

In line with our objectives and Mission, it refocuses prudential requirements and expectations away from the risks firms face, to also consider and look to manage the potential harm firms can pose to consumers and markets.

The IFPR applies to:

• MiFID investment firms authorised and regulated by us
• Collective Portfolio Management Investment Firms (CPMIs)
  regulated and unregulated holding companies of groups that contain either of the above
• The IFPR will not apply to PRA-designated investment firms. They will remain subject to prudential supervision by the PRA.