Prudential requirements—non-systemically important investment firms

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This Overview provides a guide to the Lexis+® UK Financial Services content within the prudential requirements—non-systemically important investment firms subtopic with links to the appropriate materials.

The UK investment firms prudential regime (IFPR)

Non-systemically important investment firms are prudentially regulated by the Financial Conduct Authority

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Latest Financial Services News

Financial Services—other developments (15/10/2025)

A round-up of other developments, which have not been covered in full by the LexisNexis Financial Services practical guidance team but may nevertheless be of interest.

ESMA submits final technical standards for European green bonds external reviewers to Commission

The European Securities and Markets Authority (ESMA) has submitted its final draft regulatory and implementing technical standards to the European Commission for adoption under the European Green Bonds Regulation (Regulation (EU) 2023/2631), which came into application on 21 December 2024. The package, which comprises five regulatory technical standards (RTS) and one implementing technical standard (ITS), sets out detailed requirements for external reviewers of European Green Bonds. These standards cover key aspects of external reviewer operations, including the criteria for assessing systems, resources, and procedures; requirements for the compliance function; standards for internal processes and ICT risk management; criteria to ensure the quality and reliability of information used in reviews; standardised procedures for non-EU external reviewers seeking recognition; and processes for notifying ESMA of material changes to registration information.

FSCS declares Gibraltar motor insurer Premier Insurance Company Limited in default

The Financial Services Compensation Scheme (FSCS) has declared Gibraltar-based Premier Insurance Company Limited in default after the motor insurer stopped trading and ceased paying claims in full. As a result, FSCS has stepped in to protect over 16,000 UK policyholders, including individuals and small firms with an annual turnover of less than £1m. The insurer had offered car, van and motorbike insurance across the UK and its failure does not affect similarly named UK-based brokers or firms.

EBA publishes annual report on supervisory convergence for 2024

The European Banking Authority (EBA) has published its annual report on convergence of supervisory practices for 2024 across the EU. It details the EBA’s work to strengthen the alignment of supervisory approaches across Member States and across all dimensions of its activities: prudential, resolution, consumer protection, digital finance and, until the end of 2025, anti-money laundering/countering the financing of terrorism (AML/CFT).

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