405. Pillar 2 requirement is a legally binding requirement that investment firms have to meet at …

Pillar 2 requirement is a legally binding requirement that investment firms have to meet at all times, including in stressed conditions. Where P2R set in accordance with these guidelines is no longer met, the competent authorities should consider additional intervention powers, including withdrawal of authorisation either directly if they have such competence or considering requesting it to the competent authorities for the purpose of Directive 2014/65/EU, or, where applicable, application of early intervention measures and resolution actions, in accordance with Article 8 of Directive 2014/65/EU and Directive 2014/59/EU, respectively. When exercising those powers, competent authorities should consider whether measures are proportionate to the circumstances and their judgement on how the situation is likely to develop. A breach of P2R should also be considered in determining if an investment firm is failing or likely to fail.

1. Ülevaade

1.1 Viited

1.2 Tuvastatud nõuded

1.3 Seotud standardid

2. Tuvastatud nõuded

3. Seotud standardid

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