Investment Firms: CBI Consultation on Competent Authority Discretions in the IFD/IFR
The Investment Firms Directive and Investment Firms Regulation (IFD/IFR) will become applicable for MiFID authorised investment firms from 26 June 2021. In this briefing, we examine the Central Bank of Ireland's proposed approach to national competent authority discretions in the IFD/IFR.

 

The Central Bank of Ireland has published a consultation paper outlining its proposed approach to national competent authority discretions in the Investment Firms Directive and Investment Firms Regulation. The Central Bank is inviting feedback to its proposals by 26 March 2021.

In our briefing we cover:

  • Scope of Application
  • What criteria need to be be met to be classified as a Class 3 Investment Firm?
  • How is the Central Bank approaching teh exercise of its NCA discretions?
    • Section I: Application of the CRDIV/CRR regime to investment firms
    • Section II: Liquidity requirements
    • Section III: Assessment of internal capital and liquid assets
    • Section IV: K-factor adjustment
    • Section V: Amendments to the Central Bank investment firm regulation
  • Next Steps

Please click here or on the image below to download our full briefing

FRU CBI
 

 

 

 

 

 

 

 

 

 

 

 

 

Key Contacts

John Aherne Partner

Patricia Taylor Partner

Related Practice Areas