This Consultation Paper sets out the proposed changes to our Handbook that are required to transpose the Recovery and Resolution Directive (RRD) into the UK regulatory regime for the investment firms and certain group entities that we regulate prudentially and that fall within the scope of the RRD.
Who is this Consultation Paper aimed at?
The proposals in this Consultation Paper apply to investment firms that are solo-regulated by the Financial Conduct Authority (FCA) and that meet the definition in our Handbook of an IFPRU 730k firm. The current population covers approximately 230 firms. It also applies to group entities in a group that contains a 730k firm or credit institution. This may also include certain types of firms that are authorised by the FCA.
What are the next steps?
We want to know what you think of our proposals. Please send us your comments by 1 October 2014 in writing or using the online response form.