ISC Regulatory Horizon 2023

On 28th February 2023, the FCA published its Regulatory Initiatives Grid. This contained new as well as existing items, some with indicative dates, and some without.

We at ISC compared the FCA’s grid against our own Horizon Scanning diagram for the Investment Management Industry for 2023/2024 in case any changes needed to be made. Our conclusion

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FCA Findings on IFPR/ICARA Process

It was surprising to read the recent FCA paper on the interim observations around ICARA (Internal Capital Adequacy & Risk Assessment) under IFPR which came into force in Jan 2022. Whilst there must have been some investment firms who have taken the ICARA process seriously, the FCA’s paper feels as if it widely condemns many of the representative firms selected for review so far

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