Prudential Rules and Regulatory Reporting

For smaller companies it can be difficult to keep up with the nuances of regulatory reporting.

The risk of failing to complete, or inadequately completing, prudential returns can not only lead to routine fines but also alert the regulator to internal failures at an organisation.

It is the case that some organisations are not sufficiently knowledgeable of the financial rules, therefore taking actions that inadvertently jeopardise their financial resources.

With expertise across many sectors, we can help you to utilise your capital efficiently and avoid inadvertently breaching capital adequacy requirements.

We manage the entire regulatory reporting process for you, freeing up your resources and ensuring your reports meet the regulator’s requirements.

We currently assist the following types of authorised firms with prudential supervision:

• Article 3 firms
• IFPR (Investment Firms Prudential Regime) firms as follows:
  • brokerage firms dealing on a proprietary, as well as matched principal, basis
  • firms conducting combination of MiFID with UCITS and AIFMD activities categorised as CPMI (Collective Portfolio Management Investment) firms
  • investment management firms
  • firms with advising and arranging permissions that choose to remain in MiFID.

We provide guidance and assistance on the following:

• regular quarterly financial reporting
• capital structuring to enable firms to meet their capital adequacy and liquidity requirements
• governance and risk management frameworks and the documentation of ICARA (Individual Capital Adequacy and Risk Assessment) applicable to all IFPR firms
• concentration risk management
• consolidation impact assessments.

We can also assist with advice and guidance on the application of CASS rules, advising on systems and controls for effective CASS compliance as well as assisting firms with the monthly CMAR reporting.