Thames, London | Seven Compliance


From January 2022 the new IFPR – Investment Firms Prudential Regime changes come into force and with that new capital and risk calculations. These new calculation factors known as K factors will form the content of the Internal Capital Adequacy Risk Assessment (ICARA) which will replace the ICAAP.

Firms who already produce an ICAAP should be able to use and add to existing base numbers adjusting for the new weightings introduced by the ICARA reporting requirements.

Seven Compliance

If you wish to discuss your transition from ICAAP to ICARA and the requirements for your firm please contact our team, we will be delighted to provide guidance.