2021


SFC bring in changes to Financial and Regulatory Reporting requirements

1 December 2021

Additional detailed data required in SFC FRR submissions SFC-regulated businesses have become accustomed to their regular financial and regulatory reporting (“FRR”) requirem...

Additional detailed data required in SFC FRR submissions SFC-regulated...

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The regulatory reporting mailer explained - Part 2

30 November 2021

This series sets out to help investment firms understand what to expect regarding regulatory reporting in relation to the IFPR (Investment Firm Prudential Regime) when it comes...

This series sets out to help investment firms understand what to expec...

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The regulatory reporting mailer explained - Part 1

20 November 2021

It is a FCA requirement for all UK investment firms to submit regulatory returns on an ongoing basis. However, a new prudential regime has been defined by the FCA (Financial Con...

It is a FCA requirement for all UK investment firms to submit regulato...

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Wheelhouse Advisors participating in social responsibility

19 November 2021

COP26, the 26th United Nations Climate Change conference, was held in Glasgow at the beginning of this month. A member of the Wheelhouse team was lucky enough to not only visit ...

COP26, the 26th United Nations Climate Change conference, was held in ...

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Remuneration requirements under the IFPR

17 November 2021

The IFPR defines a set of three different remuneration requirements (RemCode) for UK investment firms. These three sets are classified as Basic, Standard, and Extended remunerat...

The IFPR defines a set of three different remuneration requirements (R...

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Financial Capital requirements under the IFPR

17 November 2021

The Investment Firms’ Prudential Regime, or IFPR for short, aims to simplify and streamline the regulatory framework for UK MIFID investment firms. It requires firms to take g...

The Investment Firms’ Prudential Regime, or IFPR for short, aims to ...

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IFPR Categorisation Explained

17 November 2021

Under the Investment Firms Prudential Regime, or IFPR for short, firms are categorised as either SNI - small and non-interconnected, or non-SNI. SNI firms are those which fall b...

Under the Investment Firms Prudential Regime, or IFPR for short, firms...

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Concentration Risk under the IFPR

17 November 2021

Under the Investment Firms Prudential Regime, or IFPR for short, investment firms have obligations in respect of concentration risk, geared towards to levels of exposure on thei...

Under the Investment Firms Prudential Regime, or IFPR for short, inves...

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Group structure consolidation under the IFPR

17 November 2021

Under the IFPR, the FCA will supervise some group structures on a consolidated basis, to ensure they take into account the risks they pose collecively. The group consolidation r...

Under the IFPR, the FCA will supervise some group structures on a cons...

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What does public disclosure mean under the IFPR?

17 November 2021

The IFPR defines the requirements for public disclosures, which should be made annually and freely available, either in statutory accounts or via a website. SNI firms need only ...

The IFPR defines the requirements for public disclosures, which should...

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Understanding ICARA reporting

17 November 2021

The Investment Firms’ Prudential Regime, or IFPR for short, has proportionality in mind in addressing risk faced and posed by investment management firms. At the core of the r...

The Investment Firms’ Prudential Regime, or IFPR for short, has prop...

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K Factors Explained

17 November 2021

The Investment Firms’ Prudential Regime, or IFPR for short, brings a new level of proportionality to investment management firms, when addressing risks. The IFPR calls indicat...

The Investment Firms’ Prudential Regime, or IFPR for short, brings a...

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Liquidity under IFPR

17 November 2021

Under IFPR all investment firms are required to have a minimum level of liquid assets on the balance sheet to fund its ongoing business and ensure it can fund a wind-down proces...

Under IFPR all investment firms are required to have a minimum level o...

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IFPR Reporting Explained

17 November 2021

For many investment firms, regulatory reporting is the only line of regular communication with the regulator.  The IFPR regulatory reporting framework is designed to give the ...

For many investment firms, regulatory reporting is the only line of re...

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Annex IV Reporting under AIFMD Article 42

15 October 2021

According to the EU’s AIFMD, UK AIFMs are now categorised as ‘third-country managers’. Those UK AIFMs which retained their registrations under national private placement r...

According to the EU’s AIFMD, UK AIFMs are now categorised as ‘thir...

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What you need to know about IFPR before 1 January 2022

28 September 2021

With less than 100 days to go before the Investment Firms’ Prudential Regime goes live, Wheelhouse Advisors hosted two breakfast briefings, where attendees heard a rundown of ...

With less than 100 days to go before the Investment Firms’ Prudentia...

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Now the dust has settled - Mitigating the new Social Care Tax and NI Charges

28 September 2021

So, the controversial social care reform plans have been voted through the Commons, passing by 319 votes to 248. Predictably, the media and opposition parties have raised concer...

So, the controversial social care reform plans have been voted through...

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Wheelhouse Advisors in the AIMA Journal Edition 127

20 September 2021

We are delighted to be featured in the latest AIMA Journal, Edition 127 outlining the FCA's impending Investment Firms' Prudential regime (IFPR). Mike Chambers, our Head of Prud...

We are delighted to be featured in the latest AIMA Journal, Edition 12...

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HFM Operational Leaders' Summit

16 September 2021

Wow, what a fantastic two days we have had! As the first large scale face to face event that we have attended, HFM's Operational Leaders' Summit was a perfect welcome back. The ...

Wow, what a fantastic two days we have had! As the first large scale f...

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Broker Club Series

16 September 2021

Wheelhouse Advisors is delighted to be partnering with the Broker Club on a series of webinars which will explore the impact of the impending Investment Firms Prudential Regime....

Wheelhouse Advisors is delighted to be partnering with the Broker Club...

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