United Kingdom | Publication | April 2020
Set to take effect from June 2021, the Investment Firms Regulation (IFR) and Investment Firms Directive (IFD) will make significant alterations to the prudential framework governing investment firms, resulting in higher regulatory capital requirements, new remuneration rules, and increased internal governance, disclosure and reporting requirements.
Our IFR/IFD transition hub helps financial services clients navigate the legal and regulatory implications of the new prudential regime. The hub includes our latest views and analysis on regulatory issues, as well as access to our legislation tracker and legislation mapping tools.
The IFR/IFD transition hub can be found on the NRF Institute here.
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On 10 December 2024, the Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024 were laid before Parliament, together with an Explanatory Memorandum.
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On 28 November 2024, the Financial Conduct Authority (FCA) published CP24/2, Part 2 in relation to its controversial ‘name and shame’ proposals, having trailed this in oral evidence before the House of Lords Financial Services Regulation Committee earlier in November.
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As previously observed, conflicts occasionally arise between mortgagees and charterers where a mortgagee wishes to take prompt action to enforce its rights, but the charterer wishes such enforcement action to be deferred until the end of the charter.
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