In a Discussion Paper published this week the FCA has taken the first steps towards introducing new prudential requirements for UK investment firms.
In March 2020, HM Treasury confirmed the Government’s intention to enable the implementation of a new prudential regime for UK investment firms. This FCA discussion paper is the first stage in that process. A formal consultation paper will be issued towards the end of 2020 with new rules expected to be effected in the 2nd quarter of 2021.
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