UK IFPR reporting requirements
The Investment Firm Prudential Regime is the FCA's prudential rulebook for MiFID investment firms. It sets own funds requirements, K-factor calculations, the ICARA process and public disclosures, each with reporting attached.
REGREP is an independent software provider. This page explains the framework in plain language and is not legal or regulatory advice — confirm your firm's categorisation and requirements with the FCA rules that apply to you.
- Instrument
- FCA MIFIDPRU
- Scope
- FCA-authorised MiFID investment firms
- Reporting artefacts
- Prudential returns · ICARA · Pillar 3 disclosures
- Format
- FCA regulatory reporting
- Supervisor
- Financial Conduct Authority
- Penalties
- FCA supervisory and enforcement powers for breach or misreporting
What UK IFPR asks of you
The short version: what the framework requires, who it applies to and when it bites.
What it requires
Firms calculate own funds and the higher of their permanent minimum, fixed overheads and K-factor requirements, then report and disclose the result.
Who it applies to
FCA-authorised MiFID investment firms, with obligations scaled by whether a firm is a small and non-interconnected firm or not.
When it applies
On the FCA's reporting cycle, with the ICARA process run at least annually and reviewed whenever the business changes materially.
What has to be done
Supervisory and enforcement consequences follow from the FCA Handbook, including MIFIDPRU.
| Obligation | What it means in practice |
|---|---|
| Calculate own funds | Determine own funds and their composition against the regime's eligibility rules. |
| Compute K-factors | Calculate the applicable K-factor requirements from client, market and firm activity metrics, and monitor them as the business changes. |
| Run the ICARA process | Assess harms, set own funds and liquidity adequacy, and document the assessment so it can be evidenced to the supervisor. |
| Submit prudential returns | File the required returns to the FCA on the applicable cycle, in the format the FCA collects. |
| Publish Pillar 3 disclosures | Produce the public disclosures the regime requires, consistent with what the returns report. |
From your data to a validated filing
Activate only the module the obligation needs. Every price covers one regulated entity unless stated otherwise, and excludes VAT.
Pillar 1 Capital & Returns
Continuous K-factor monitoring, own funds and requirement calculations, and the prudential return templates that follow from them.
€6,000/yearClass 3 · 1 regulated entity · free monitoring tier available Create free account →Pillar 2 ICARA
Structure the ICARA process — harm scenarios, own funds and liquidity adequacy — and produce a versioned, evidenced pack.
€2,000/year1 regulated entity Create free account →Pillar 3 Disclosures
Generate the public disclosure pack directly from your Pillar 1 figures, with a consistency check before publication.
€500/year1 regulated entity Create free account →Related to UK IFPR
IFR / IFPR K-factor monitoring
How investment firms keep K-factors current instead of rediscovering them at quarter end.
Read use case →Prudential reporting guide
Plain-language explainers on IFPR, IFR and the prudential returns that sit behind them.
Read the guide →Prudential reporting modules
See the full IFR/IFPR module set, from Pillar 1 monitoring through to disclosures.
See the modules →Questions, answered
How does UK IFPR differ from the EU IFR?
What is the ICARA process?
Is there a free tier for prudential reporting?
Does one subscription cover my whole group?
See your K-factors before the deadline does.
Create a free account and start with the free Pillar 1 monitoring tier on your own data.