Articles - Update on capital resources requirements for PIF's


 The Financial Services Authority (FSA) has deferred the introduction of new capital rules for personal investment firms for two years to allow firms more time to prepare.

 The rules were made in November 2009 (" target="_blank">http://www.fsa.gov.uk/pages/Library/Policy/Policy/2009/09_19.shtml">PS09/19) and were due to be phased in over two years, commencing on 31 December 2011 with the full requirements in place by end 2013.

 However, the phasing in of the new rules firms will now commence on 31 December 2013 with the full requirements in place by end 2015, giving firms who need it more time to build up their capital resources to the required levels.

Back to Index


Similar News to this Story

Trustees have your say on the value for money framework
We want trustees to respond to the value for money consultation. You will be the ones driving improvements in value and challenging your advisers and
Climate disclosures are changing but climate risk is not
Recent changes to the CSRD and the pause to California’s SB 261 may remove or delay climate risk disclosure requirements, but the need to understand y
Changing internal models in a controlled environment
Capital models have advanced significantly since the early 2000s, but the increased complexity can slow decision-making and raise operational risks. T

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.