Wholesale Investment Firm
Compliance & MIFIDPRU
Navigating the MIFIDPRU Prudential Regime
Since its implementation, the Investment Firm Prudential Regime (IFPR), known as MIFIDPRU, has become the cornerstone of prudential regulation for MiFID investment firms in the UK. This sophisticated framework demands a deep understanding of capital adequacy, liquidity requirements, and risk management. We provide the expert support you need to interpret and implement these rules effectively.
Our MIFIDPRU support covers:
- Determining your firm’s classification (including SNI vs. non-SNI status).
- ICARA solo versus consolidated process guidance, advising on the correct application of the ICARA process for your specific group structure
- Providing a view on the liquidity stress tests used to calculate Liquid Assets Threshold Requirement (LATR)
- Assessing assumptions on scenario testing for Own Fund Threshold Requirement (OFTR)
- Recovery Plan and Wind Down Planning cashflow mis match and developing practical Recovery Plans for severe adverse scenarios
Core Services for Investment Firms
We offer compliance support, specifically tailored to the needs of wholesale investment firms operating in the UK. We take a commercially focused approach, helping firms understand the regulatory requirements that apply to their business and ensuring that the proposed structure, financial resources and control environment are appropriately reflected throughout the Internal Capital Adequacy and Risk Assessment (ICARA).
MIFIDPRU Compliance & The ICARA Process
The ICARA process is a central and highly scrutinised requirement of MIFIDPRU. We provide hands-on, expert support to develop, document, and challenge your ICARA process, ensuring it is a dynamic risk management tool that satisfies regulatory expectations.
From regulatory planning and prudential considerations through to FCA submission, we help you build an application that is structured, credible and regulator-ready.
Our deep expertise includes:
- Senior Managers & Certification Regime (SM&CR)
We help you implement and maintain your SM&CR framework, ensuring Statements of Responsibilities are correctly drafted, staff are properly trained on the Conduct Rules, and your firm’s governance structure is transparent and effective
- Bespoke Policy & Procedure Development
From your Order Execution Policy to Conflicts of Interest and Best Execution, we draft and review the essential documentation that forms the bedrock of your compliance framework, ensuring it is practical and tailored to your specific activities
Your Specialist Partner in Investment
Firm Compliance
Choosing Apex means partnering with a consultancy that possesses deep, specialised knowledge of the wholesale investment sector. We understand the unique pressures and opportunities facing firms in the London market and translate complex FCA rules into practical, commercial solutions.