Every firm subject to the Investments Firms Prudential Regime (IFPR) needs to carry out an Internal Capital Adequacy and Risk Assessment (ICARA) process. Here is an updated version of our generic ICARA template - it is not specific to brokerage or asset management firms. However, the feedback we have so far received is encouraging. I hope you find this useful. I would be very interested in your further feedback.
ICARA Template for an investment firm - updated v3
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