The Investment Firm Regulation (IFR) and Investment Firm Directive (IFD) establish a new prudential regime for investment firms. They are both due to apply from 26 June 2021 and will have an impact on a wide range of investment firms authorised under MiFID II. The implications of the new prudential requirements may vary depending on the type of entity, however the main aim of the requirements is to introduce a new approach towards the calculation of regulatory capital. This will potentially result in increased capital needs which will better capture the risks which investment firms are exposed to. Additional requirements relating to liquidity, remuneration, governance, disclosures and reporting will also be introduced.
Join us as we discuss the main implications arising from this new legislative package as well as what entities should be focusing on to be fully prepared by June 2021.
Moderator
Stephanie Farrugia, Senior Associate
Participants
James Farrugia, Partner
Paul Falzon, Regulatory Advisor
Registration
Participation is free of charge upon registration.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.