June 23, 2020 / 10:17 AM / 12 days ago

BRIEF-UK watchdog says wants capital rules for investment firms

June 23 (Reuters) -

* FCA HAS TODAY PUBLISHED ADISCUSSION PAPERON A PRUDENTIAL REGIME FOR UK INVESTMENT FIRMS.

* THIS MARKS FIRST STEP IN INTRODUCING A SET OF PRUDENTIAL RULES FOR INVESTMENT FIRMS TO BETTER REFLECT THEIR BUSINESS

* FCA SAYS WE HAVE LONG ADVOCATED FOR A BESPOKE PRUDENTIAL REGIME FOR INVESTMENT FIRMS.

* FCA SAYS A NEW UK REGIME WOULD REPRESENT A SIGNIFICANT IMPROVEMENT IN PRUDENTIAL REGULATION OF INVESTMENT FIRMS Source text for Eikon: Further company coverage: [ ] (Reporting By Huw Jones)

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