Investment Firms: New Prudential Regime Update

Of Relevance to:
MiFID investment firms, UCITS Management Companies and AIFMs that conduct permissible MiFID activities, particularly those subject to CRD IV

As we know, ESMA and the EBA published a Discussion Paper (‘Designing a new prudential regime for investment firms’) last November on the suitability, or otherwise, of the prudential regime for investment firms – see Regulatory Roundup 82 (and 72) for further details.

The EBA has announced that it will hold a public hearing this coming 3 July to provide an update on progress made, including a presentation of the preliminary results of its data collection and the calibration of the underlying methodology.

It is expected that the EBA will submit its final advice in September 2017.