IFR

Investment Firm Regulation

We advise investment firms on the implementation of the Investment Firms Regulation (IFR) and the relevant Investment Firms Directive (IFD).
We can complete the applicable IF templates (IF 01–IF 11) for Class 2 and Class 3 CIFs and use an XBRL conversion tool to validate the IFR prudential reports, ensuring they are successfully submitted to CySEC in the required XBRL format.
We can assist with gathering the data required to calculate your K-factors and preparing the quarterly returns to be submitted to CySEC.
We can also undertake the preparation of your annual Internal Capital Adequacy and Risk Assessment (ICARA) and perform the necessary stress tests covering market risk (arising from Dealing on Own Account and banking book activities), credit risk, counterparty credit risk, operational risk, ICT risk, business risk, and liquidity risk.