FCA Published Joint Statement on IFPR and Basel III

November 16, 2020HM Treasury, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) published a joint statement on changes in the planned timelines for introducing the UK’s Investment Firms Prudential Regime (IFPR) and the implementation of Basel III reforms corresponding to the outstanding components of the Capital Requirements Regulation 2 (CCR2). The financial regulators have decided to implement these two regimes as of January 2022. This decision is based on the industry’s concerns about the general volume of regulatory reforms planned for 2021.

For more information please visit FCA website.

Jurisdiction: United Kingdom

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