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
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