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Simplifying the Regulatory Capital Regime for FCA investment firms: FCA CP25/10

People walk outside the Bank of England in London, England.
Photo: Dan Kitwood/Getty Images

The proposed rules would only apply to MIFIDPRU investment firms, with announcements due for market making/principal trading firms.

On 24 April 2025, the UK FCA published consultation paper CP25/10, which proposes to simplify the regulatory capital regime for FCA investment firms. In a welcome move, the FCA intends to reduce the complexity of its prudential rulebook for MiFID investment firms by consolidating and reducing the length of the existing

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