On 25th July 2023, we at Cosegic were delighted to launch the first in our series of ‘Bitesize Compliance’ lunchtime webinars. These webinars, which are 30 minutes in duration, closely examine a topical aspect of compliance to offer practical and digestible guidance, and are followed by the opportunity to ask our experts questions in a live Q&A format. This series is relevant to all regulated firms but will focus on a variety of specific sectors and topics across each of the lunchtime sessions.
In our first webinar of the series, we looked at IFPR Public Disclosure requirements for MIFIDPRU investment firms.
IFPR Public Disclosure requirements
The Investment Firm Prudential Regime (IFPR) introduced new Public Disclosures requirements for investment firms, replacing Pillar 3 disclosure obligations. These new requirements mean that not only do firms have to disclose more than before, but the disclosures are also now applicable to all MIFIDPRU investment firms, including exempt-CAD firms who were previously exempt.
To ensure that firms are compliant with these new requirements and ready for their first disclosure, firms need to understand the scope of the application of the new rules to their firm and ensure that they make the correct disclosures as applicable to their firm on a consistent basis going forward.
By signing up to watch this webinar recording you will gain an understanding of the following:
- The new disclosure requirements
- Its applicability to different types of MIFIDPRU investment firms
- Exemptions from disclosure
- The location of disclosures
- Remuneration disclosure requirements
Hosts:
Jonathan Aseervatham, Director, Prudential Services
Stefan Babic, Associate Director, Prudential Services
Speakers
Jonathan Aseervatham
Jonathan is a Director of our Prudential team, where he specialises in helping our clients to assess their regulatory capital and liquidity requirements; to implement IFPR including developing ICARAs and wind down plans; and to assist with their regulatory reporting obligations. As well as being an experienced compliance professional, Jonathan is also a qualified ACA chartered accountant and a fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).
Stefan Babic
Stefan is an Associate Director within our Prudential Services team. He specialises in providing technical support to our clients in respect to capital and liquidity requirements, assisting clients with their with financial and non-financial risk management, supporting firms with ICAAP, ICARA and Wind-down planning and providing ongoing support to firms requiring assistance with their prudential obligations.