75. For category 3 investment firms, where the scale and complexity of an investment firm’s …

For category 3 investment firms, where the scale and complexity of an investment firm’s activities are lower, competent authorities may perform the BMA and assign the relevant score in a simplified manner. In these cases, they should at least assess the viability of the business model and sustainability of the investment firms’ strategy, taking into account its business environment, and they should identify the key vulnerabilities. For class 3 investment firms, competent authorities should decide on a case-by-case basis whether and in which form to perform the BMA, at least forming a comprehensive view on how such investment firms generate returns and identifying the vulnerabilities they are exposed to that may affect their ability to generate such returns.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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