+396. In accordance with Article 39(2), point (e) of Directive (EU) 2019/2034, competent authorities …
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396. In accordance with Article 39(2), point (e) of Directive (EU) 2019/2034, competent authorities …
In accordance with Article 39(2), point (e) of Directive (EU) 2019/2034, competent authorities may: - a. restrict investment in certain products when the investment firm’s policies and procedures do not ensure that the risk from those products will be adequately covered and controlled;
- b. require the investment firm to present a plan to reduce its exposures to distressed assets and/or illiquid positions gradually; and/or
- c. require the divestment of financial products, including where the valuation processes of the investment firm do not produce conservative valuations.
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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