MIFIDPRU 8.2 (Risk management objectives and policies), MIFIDPRU 8.4 (Own funds) and MIFIDPRU 8.5 (Own funds requirements) also apply to an SNI MIFIDPRU investment firm that has additional tier 1 instruments in issue.
2By way of example, applying a proportionate approach to the qualitative disclosure requirements in MIFIDPRU 8.6 (Remuneration policies and practices) means that the FCA would expect a non-SNI MIFIDPRU investment firm with a detailed remuneration policy to disclose more information than an SNI MIFIDPRU investment firm.
is easily accessible and free to obtain;
is clearly presented and easy to understand;
is consistent with the presentation used for previous disclosure periods or otherwise allows a reader of the information to make comparisons easily; and
highlights in a summary any significant changes to the information disclosed, when compared with previous disclosure periods.
2Whilst the FCA’s expectation is that a firm will use a website for the purpose of complying with MIFIDPRU 8.1.13R, if a firm does not maintain a website, or cannot use a website to publish some or all of the information required without breaching the law of another jurisdiction, it must nonetheless ensure that the alternative method of disclosure used complies with the overarching requirement in MIFIDPRU 8.1.13R.