New prudential regime for personal investment firms

Under the new rules, all PIFs will have to hold capital resources worth at least three months of their annual fixed expenditure in realizable assets such as cash.  The minimum capital resources threshold for any firm will be set at £20,000. The transition to the new regime has been extended by a year to 31 December, 2013.

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Stay On Top Of The Debt Relief Industry's Regulatory Landscape

On November 6-7, 2022, Shipkevich PLLC will be hosting a Regulatory Workshop in Costa Mesa, California focusing on the fundamental regulatory issues facing debt relief professionals and how they can adapt.