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Category: blogs

4th October 2022 | 3 min

Why your regulatory reporting should not just be a tick box exercise

Matthew Crisp, CEO at Wheelhouse Advisors explores how firms can increase their resilience through a change in perspective; viewing their regulatory reporting not as a tick box exercise but something more holistic

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23rd September 2022 | 2 min

Review of September 2022 Mini Budget

Following on from yesterday’s news that the 1.25% (Employer and Employee) NIC rate raise will be scrapped from 6 November 2022, there were more encouraging tax cuts announced today.  Kwasi Kwarteng revealed that personal tax rates will be cut and the planned increase to the rate of corporation tax will be scrapped. The key headline […]

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22nd August 2022 | 8 min

FCA: The ICARA Template and Submission Process

The prudential regime for investment firms has been in effect since January 2022, and the impact of the new requirements around capital, liquidity and reporting and other areas has been felt by different firms to varying degrees. The ICARA has entailed a significant amount of output from firms who have already submitted theirs to the […]

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22nd August 2022 | 3 min

FCA: The ICARA and interacting with the regulator

The prudential regime for investment firms has been in effect since January 2022, and the impact of the new requirements around capital, liquidity and reporting and other areas has been felt by different firms to varying degrees. The ICARA has entailed a significant amount of output from firms who have already submitted theirs to the […]

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22nd August 2022 | 3 min

FCA: The ICARA Thresholds

The prudential regime for investment firms has been in effect since January 2022, and the impact of the new requirements around capital, liquidity and reporting and other areas has been felt by different firms to varying degrees.

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22nd August 2022 | 4 min

FCA: The ICARA – How the process should work

The prudential regime for investment firms has been in effect since January 2022, and the impact of the new requirements around capital, liquidity and reporting and other areas has been felt by different firms to varying degrees. The ICARA has entailed a significant amount of output from firms who have already submitted theirs to the […]

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22nd August 2022 | 2 min

FCA: The ICARA Process – Consolidated or Standalone

The prudential regime for investment firms has been in effect since January 2022, and the impact of the new requirements around capital, liquidity and reporting and other areas has been felt by different firms to varying degrees.

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22nd August 2022 | 2 min

FCA: The ICARA and the Overall Financial Adequacy Rule

The ICARA process encompasses various aspects of internal governance with a particular focus on risk management systems, processes and controls and a thorough assessment of the financial impact of potential risks compared to the financial resources available.

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22nd August 2022 | 2 min

FCA: The ICARA, Senior Management and Intervention

The prudential regime for investment firms has been in effect since January 2022, and the impact of the new requirements around capital, liquidity and reporting and other areas has been felt by different firms to varying degrees.

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22nd August 2022 | 2 min

FCA: The ICARA Framework and Risk

The prudential regime for investment firms has been in effect since January 2022, and the impact of the new requirements around capital, liquidity and reporting and other areas has been felt by different firms to varying degrees.

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22nd July 2022 | 6 min

Fund Manager LLPs and Disguised Employees

Fund Managers will already be familiar with the salaried member rules which are, as stated in a recent First Tier Tribunal decision involving one Manager LLP:

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19th July 2022 | 3 min

The FCA’s ‘New cancellation and variation of power’ and what this means for regulated firms

In May 2022, the FCA issued a Policy Statement (PS) called: ‘New cancellation and of variation power: Changes to the Handbook and Enforcement Guide’.

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