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Andrew Henderson

Partner
Andrew Henderson is a partner in the Macfarlanes LLP Financial Services Regulatory group. Email: andrew.henderson@macfarlanes.com

Articles by author

Prudential consolidation under the IFPR: making sense of the ancillary services undertakings concept

In this article, Andrew Henderson considers the concept of “ancillary services undertakings” under the new UK Investment Firms Prudential Regime (IFPR) and the UKCRR for banks. He argues that draft European Banking Authority Guidance is useful in delineating the limits of the concept and highlighting the reason for including or excluding entities within a consolidation group.

1 MAR 2022