A Reminder

A previous Regulatory Roundup included an article on the new liquidity rules affecting BIPRU firms (BIPRU 12).

A reminder that although there are some transitional provisions, the majority of the rules come into force on 1 December 2009. If you have not yet given consideration to the issue then reference to the Regulatory Roundup of 5 November will provide an overview of the essential requirements.

Retained clients of Complyport that want to discuss the requirements of BIPRU 12 etc. should get in touch with their usual Complyport contact who can arrange for one of our liquidity team consultants to contact you. We would be happy to discuss with you any additional services we can provide in the reviewing of, or assisting in the preparation of, your documentation.