The Personal Investment Management & Financial Advice Association (PIMFA)

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PIMFA’s response to FCA DP20/2: A new UK Prudential regime for MIFID investment firms

PIMFA’s response to FCA DP20/2 A new UK Prudential regime for MIFID investment firms: We appreciate that the extent of the FCA’s mandate to deviate from the EU prudential regime for investment firms is still unclear and dependent on (Brexit) equivalence negotiations, we have identify a number of key items we believe should be taken into account, including Format of the resultant Handbook, Limits expressed in Euros, Use of accounting standards and Timing and Practicalities of implementation
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