18. Competent authorities should not be prevented from granting a lower amount permission where the …

Competent authorities should not be prevented from granting a lower amount permission where the own funds requirements calculated in accordance with Article 8(3) of Regulation (EU) 2019/2033 are higher than the own funds requirements calculated in accordance with Article 7 of that regulation at an indicative percentage of at least 125% of the latter, and the investment firm group meets the criteria set out in Section 4.2, or in Sections 4.3 and 4.4. For the purposes of calculating the percentage referred to in this paragraph, competent authorities should ensure that the foreign exchange risk is calculated in the same way for the own funds requirements calculated in accordance with Article 8(3) of Regulation (EU) 2019/2033 and the requirements calculated in accordance with Article 7 of that regulation.

1. Overview

1.1 References

• Article 8 3.

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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