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

Always Believing you are Gold
Amid the ongoing tensions in the Middle East, Bitcoin has received a less traction. This is despite a fall over the last 6 months of nearly 50%. I’m a
Asset-backed securities: a growing opportunity for investors
From early 2027, the European Union’s (EU’s) Solvency II reforms will significantly improve the capital treatment of asset-backed securities (ABS). So
Why pensions still go missing in divorce settlements
For specialist divorce lawyers, the importance of properly addressing pension assets is now widely understood. Whilst efforts have been made to raise

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.