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Capital Adequacy

Finding your way through the FCA’s complex rules can be challenging and all regulated firms must satisfy and comply with the regulations specific to the markets in which they operate, including capital adequacy.

Navigating your way through the myriad rules can prove a confusing and time-consuming exercise. We have a team of experts who specialise in helping firms of all types and sizes meet their regulatory reporting obligations.

Among the many sectors in which we provide services are:

If you wish, we can work with your existing auditors and tax advisors to ensure your firm meets its ongoing obligations in a compliant and tax-efficient manner.

RegData

SUP Chapter 16 of the FCA Handbook stipulates that all firms must submit regular reports through the FCA’s online portal RegData.

We have extensive experience in helping firms meet their FCA capital adequacy and other reporting obligations. This includes reporting on:

    • Capital adequacy
    • Complaints
    • Close links and controllers
    • Financial crime
    • Financial returns
    • Prudential requirements

As well as needing to comply with the reporting of regime, firms currently subject to BIPRU & IFPRU are also subject to additional requirements in the form of Pillars 2 and 3 (these categories are scheduled to be replaced by the IFPR regime on 1 January 2022).

Visit our IFPR page

The aim of the IFPR is to streamline and simplify the prudential requirements for MiFID investment firms. It will refocus 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 will apply to the following:

  • MiFID investment firms authorised and regulated by the FCA
  • Collective Portfolio Management Investment Firms (CPMIs), and
  • Regulated and unregulated holding companies of groups that contain either of the above

To ensure your firm’s continuing compliance, our expert team can provide effective assistance with all of the following:

    • The Internal Capital Adequacy Assessment Process (ICAAP) (to be renamed ICARA under the IFPR regime)
    • Pillar 3 disclosures
    • Remuneration Code compliance
    • Wind-down and resolution planning
    • Internal Liquidity Adequacy Assessments (ILAA).
    • IFPR planning

For more information about our capital adequacy services, call 0207 436 0630 to speak to a member of our expert team or email info@thistleinitiatives.co.uk.


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