Important changes ahead for investment firms as the FCA’s Discussion Paper (DP20/2) indicates that the UK may depart from EU capital rules.
Key Points:
..FCA consults on a UK capital regime that in some respects breaks ranks with the EU.
..Many firms will face changes to capital requirements and risk processes.
..Remuneration rules will change for some, with a loss of flexibility and potentially lower exemption thresholds.
Please see full publication below for more information.
