+Guidelines on liquidity requirements exemption for investment firms (EBA/GL/2022/10)
---+1. Compliance and reporting obligations
------+Status of these guidelines
---------+1. This document contains guidelines issued pursuant to Article 16 of Regulation (EU) No 1093/2010 …
---------+2. Guidelines set the EBA view of appropriate supervisory practices within the European System of …
------+Reporting requirements
---------+3. According to Article 16(3) of Regulation (EU) No 1093/2010, competent authorities must notify …
---------+4. In line with Article 16(3), the notifications will be published on the EBA website.
---+2. Subject matter, scope and definitions
------+Subject matter
---------+5. These guidelines specify further the criteria which competent authorities may take into account …
------+Scope of application
---------+6. These guidelines apply to investment firms on an individual basis within the scope set out in …
------+Addressees
---------+7. These guidelines are addressed to competent authorities as defined in Article 4, points (2)(i) …
------+Definitions
---------+8. Unless otherwise specified, terms used and defined in Directive (EU) 2019/2034 or Regulation …
---+3. Implementation
------+Date of application
---------+9. These guidelines apply from 28/11/2022 .
---+4. Guidelines
------+4.1 General considerations
---------+10. Competent authorities may exempt an investment firm which meets the conditions for qualifying …
---------+11. Where a competent authority has imposed specific liquidity requirements under Article 42 of …
---------+12. Competent authorities should exempt an investment firm from the liquidity requirements under …
------+4.2 Investment firms eligible for the exemption
---------+13. For the exemption from the liquidity requirements under Article 43(1) of Regulation (EU) …
---------+14. Competent authorities should consider whether ancillary services provided by an investment firm …
---------+15. Competent authorities should consider whether other services provided by an investment firm …
---------+16. Competent authorities should consider on and off-balance-sheet positions, including non-trading …
---------+17. Competent authorities should not grant an exemption where an investment firm engages at …
------+4.3 Criteria for the exemption
---------+18. Competent authorities, after receiving a request from an investment firm, should assess whether …
---------+19. For the purpose of the assessment referred to in paragraph 18, competent authorities should …
---------+20. Competent authorities may exempt an investment firm which is providing portfolio management or …
---------+21. The assessment of the needs for liquid financial resources should be performed both under …
------+4.4 Information to be provided
---------+22. For the purpose of the assessment for the exemption, competent authorities should use all …
---------+23. Competent authorities should request any additional information or evidence to ensure that the …
---------+24. In the event of a material change in the information submitted with the request for exemption …
------+4.5 Amendment and withdrawal of the exemption
---------+25. Competent authorities should not grant an exemption to an investment firm if they consider that …
---------+26. Competent authorities should ensure that the investment firm informs the competent authority if …
---------+27. Competent authorities should withdraw the exemption if they consider that the investment firm …
---------+28. Competent authorities should ensure that the investment firm complies with the liquidity …
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Guidelines on liquidity requirements exemption for investment firms (EBA/GL/2022/10)

Guidelines on liquidity requirements exemption for investment firms (EBA/GL/2022/10)

https://www.eba.europa.eu/activities/single-rulebook/regulatory-activities/investment-firms/guidelines-liquidity-requirements-exemption-investment-firms – PDF

1. Overview

,
1. Compliance and reporting obligations

1. Compliance and reporting obligations
2. Subject matter, scope and definitions

2. Subject matter, scope and definitions
3. Implementation

3. Implementation
4. Guidelines

4. Guidelines

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/