IFG Pensco Pillar 3 Disclosures
IFG Pensco Limited, trading as IFG Pensco, is regulated by the Central Bank of Ireland as an investment firm under Regulation 6(2) of the European Communities (Market in Financial Instruments) Regulations 2007.
The Capital Requirements Directive (‘CRD’) implemented the Basel II capital adequacy framework and applies to all investment firms, banks and building societies. As a MiFID Investment firm, IFG Pensco is required to calculate its capital requirement in accordance with the criteria outlined in the CRD.
IFG Pensco complies with the minimum capital requirement provisions under Pillar 1 of the CRD and completes and maintains its Internal Capital Adequacy Assessment Process (ICAAP) under Pillar 2 of the CRD. The aim of Pillar 3 is to improve market discipline by requiring firms to publish certain details of their risks, capital and risk management. The disclosures are required on an annual basis aligned to the institution’s annual reporting cycle. The Pillar 3 Disclosures have been prepared as at 31 December 2011, which is the firm’s financial year end.
Click here to download the IFG Pensco Pillar 3 Disclosures document