IFPR: Consolidation, remuneration and more

In this IFPR webinar, we were joined by our friends at Herbert Smith Freehills to analyse what investment firms in the UK need to do to stay compliant with the changes to the prudential regime. 

We focussed on the following areas:

• Consolidation: Understanding the scope of the consolidation regime and triggers for a UK ‘consolidation situation’; and how that works for groups with EU investment firms
• Non-authorised parent undertakings: the regulators’ statutory powers in relation to non-authorised parents of UK investment firms and their management
• Group capital test: Understanding your consolidated capital requirement and practical guidance on reducing your capital requirement
• K-factors: A recap of what K-factors are and how use them in risk management
• Remuneration: the MIFIDPRU Remuneration Code and how the requirements will affect how you pay staff.