+REGULATION (EU) 2019/2033 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 27 November 2019 on the prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU) No 575/2013, (EU) No 600/2014 and (EU) No 806/2014 (Text with EEA relevance)
---+PART ONE GENERAL PROVISIONS
------+TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS
---------+Article 1 Subject matter and scope
------------+Article 1 1.
------------+Article 1 2.
------------+Article 1 3.
------------+Article 1 4.
------------+Article 1 5.
---------+Article 2 Supervisory powers
---------+Article 3 Application of stricter requirements by investment firms
---------+Article 4 Definitions
------------+Article 4 1.
------------+Article 4 2.
------+TITLE II LEVEL OF APPLICATION OF REQUIREMENTS
---------+CHAPTER 1 Application of requirements on an individual basis
------------+Article 5 General principle
------------+Article 6 Exemptions
---------------+Article 6 1.
---------------+Article 6 2.
---------------+Article 6 3.
---------+CHAPTER 2 Prudential consolidation and exemptions for an investment firm group
------------+Article 7 Prudential consolidation
---------------+Article 7 1.
---------------+Article 7 2.
---------------+Article 7 3.
---------------+Article 7 4.
---------------+Article 7 5.
------------+Article 8 The group capital test
---------------+Article 8 1.
---------------+Article 8 2.
---------------+Article 8 3.
---------------+Article 8 4.
---------------+Article 8 5.
---+PART TWO OWN FUNDS
------+Article 9 Own funds composition
---------+Article 9 1.
---------+Article 9 2.
---------+Article 9 3.
---------+Article 9 4.
---------+Article 9 5.
------+Article 10 Qualifying holdings outside the financial sector
---------+Article 10 1.
---------+Article 10 2.
---------+Article 10 3.
---------+Article 10 4.
---+PART THREE CAPITAL REQUIREMENTS
------+TITLE I GENERAL REQUIREMENTS
---------+Article 11 Own funds requirements
------------+Article 11 1.
------------+Article 11 2.
------------+Article 11 3.
------------+Article 11 4.
---------+Article 12 Small and non‐interconnected investment firms
------------+Article 12 1.
------------+Article 12 2.
------------+Article 12 3.
------------+Article 12 4.
---------+Article 13 Fixed overheads requirement
------------+Article 13 1.
------------+Article 13 2.
------------+Article 13 3.
------------+Article 13 4.
---------+Article 14 Permanent minimum capital requirement
------+TITLE II K-FACTOR REQUIREMENT
---------+CHAPTER 1 General principles
------------+Article 15 K‐factor requirement and applicable coefficients
---------------+Article 15 1.
---------------+Article 15 2.
---------------+Article 15 3.
---------------+Article 15 4.
---------------+Article 15 5.
---------+CHAPTER 2 RtC K‐factors
------------+Article 16 RtC K‐factor requirement
------------+Article 17 Measuring AUM for the purpose of calculating K‐AUM
---------------+Article 17 1.
---------------+Article 17 2.
------------+Article 18 Measuring CMH for the purpose of calculating K‐CMH
---------------+Article 18 1.
---------------+Article 18 2.
------------+Article 19 Measuring ASA for the purpose of calculating K‐ASA
---------------+Article 19 1.
---------------+Article 19 2.
---------------+Article 19 3.
------------+Article 20 Measuring COH for the purpose of calculating K‐COH
---------------+Article 20 1.
---------------+Article 20 2.
---------------+Article 20 3.
---------+CHAPTER 3 RtM K‐Factors
------------+Article 21 RtM K‐factor requirement
---------------+Article 21 1.
---------------+Article 21 2.
---------------+Article 21 3.
---------------+Article 21 4.
------------+Article 22 Calculating K‐NPR
------------+Article 23 Calculating K‐CMG
---------------+Article 23 1.
---------------+Article 23 2.
---------------+Article 23 3.
---------+CHAPTER 4 RtF K‐factors
------------+Article 24 RtF K‐factor requirement
------------+Section 1 Trading counterparty default
---------------+Article 25 Scope
------------------+Article 25 1.
------------------+Article 25 2.
------------------+Article 25 3.
------------------+Article 25 4.
------------------+Article 25 5.
---------------+Article 26 Calculating K‐TCD
---------------+Article 27 Calculation of exposure value
---------------+Article 28 Replacement cost (RC)
---------------+Article 29 Potential future exposure
------------------+Article 29 1.
------------------+Article 29 2.
------------------+Article 29 3.
------------------+Article 29 4.
------------------+Article 29 5.
------------------+Article 29 6.
------------------+Article 29 7.
------------------+Article 29 8.
---------------+Article 30 Collateral
------------------+Article 30 1.
------------------+Article 30 2.
------------------+Article 30 3.
---------------+Article 31 Netting
---------------+Article 32 Credit valuation adjustment
------------+Section 2 Daily trading flow
---------------+Article 33 Measuring DTF for the purpose of calculating K‐DTF
------------------+Article 33 1.
------------------+Article 33 2.
------------------+Article 33 3.
------------------+Article 33 4.
---------+CHAPTER 5 Environmental and social objectives
------------+Article 34 Prudential treatment of assets exposed to activities associated with environmental or social objectives
---------------+Article 34 1.
---------------+Article 34 2.
---------------+Article 34 3.
---+PART FOUR CONCENTRATION RISK
------+Article 35 Monitoring obligation
---------+Article 35 1.
---------+Article 35 2.
------+Article 36 Calculation of the exposure value
---------+Article 36 1.
---------+Article 36 2.
---------+Article 36 3.
------+Article 37 Limits with regard to concentration risk and exposure value excess
---------+Article 37 1.
---------+Article 37 2.
---------+Article 37 3.
------+Article 38 Obligation to notify
---------+Article 38 1.
---------+Article 38 2.
------+Article 39 Calculating K‐CON
---------+Article 39 1.
---------+Article 39 2.
------+Article 40 Procedures to prevent investment firms from avoiding the K‐CON own funds requirement
---------+Article 40 1.
---------+Article 40 2.
------+Article 41 Exclusions
---------+Article 41 1.
---------+Article 41 2.
------+Article 42 Exemption for commodity and emission allowance dealers
---------+Article 42 1.
---------+Article 42 2.
---+PART FIVE LIQUIDITY
------+Article 43 Liquidity requirement
---------+Article 43 1.
---------+Article 43 2.
---------+Article 43 3.
---------+Article 43 4.
------+Article 44 Temporary reduction of the liquidity requirement
---------+Article 44 1.
---------+Article 44 2.
------+Article 45 Client guarantees
---+PART SIX DISCLOSURE BY INVESTMENT FIRMS
------+Article 46 Scope
---------+Article 46 1.
---------+Article 46 2.
---------+Article 46 3.
---------+Article 46 4.
------+Article 46a Accessibility of information on the European single access point
---------+Article 46a 1.
---------+Article 46a 2.
---------+Article 46a 3.
---------+Article 46a 4.
---------+Article 46a 5.
------+Article 47 Risk management objectives and policies
------+Article 48 Governance
------+Article 49 Own funds
---------+Article 49 1.
---------+Article 49 2.
------+Article 50 Own funds requirements
------+Article 51 Remuneration policy and practices
------+Article 52 Investment policy
---------+Article 52 1.
---------+Article 52 2.
---------+Article 52 3.
------+Article 53 Environmental, social and governance risks
---+PART SEVEN REPORTING BY INVESTMENT FIRMS
------+Article 54 Reporting requirements
---------+Article 54 1.
---------+Article 54 2.
---------+Article 54 3.
------+Article 55 Reporting requirements for certain investment firms, including for the purposes of the thresholds referred to in Article 1(2) of this Regulation and in point (1)(b) of Article 4(1) of Regulation (EU) No 575/2013
---------+Article 55 1.
---------+Article 55 2.
---------+Article 55 3.
---------+Article 55 4.
---------+Article 55 5.
---+PART EIGHT DELEGATED ACTS
------+Article 56 Exercise of the delegation
---------+Article 56 1.
---------+Article 56 2.
---------+Article 56 3.
---------+Article 56 4.
---------+Article 56 5.
---------+Article 56 6.
---+PART NINE TRANSITIONAL PROVISIONS, REPORTS, REVIEWS AND AMENDMENTS
------+TITLE I TRANSITIONAL PROVISIONS
---------+Article 57 Transitional provisions
------------+Article 57 1.
------------+Article 57 2.
------------+Article 57 3.
------------+Article 57 4.
------------+Article 57 5.
------------+Article 57 6.
---------+Article 58 Derogation for undertakings referred to in point (1)(b) of Article 4(1) of Regulation (EU) No 575/2013
---------+Article 59 Derogation for investment firms referred to in Article 1(2)
------+TITLE II REPORTS AND REVIEWS
---------+Article 60 Review clause
------------+Article 60 1.
------------+Article 60 2.
------+TITLE III AMENDMENTS TO OTHER REGULATIONS
---------+Article 61 Amendment to Regulation (EU) No 1093/2010
---------+Article 62 Amendments to Regulation (EU) No 575/2013
---------+Article 63 Amendments to Regulation (EU) No 600/2014
---------+Article 64 Amendment to Regulation (EU) No 806/2014
---+PART TEN FINAL PROVISIONS
------+Article 65 References to Regulation (EU) No 575/2013 in other Union legal acts
------+Article 66 Entry into force and date of application
---------+Article 66 1.
---------+Article 66 2.
---------+Article 66 3.
 English - European Union - Financial Industry -

REGULATION (EU) 2019/2033 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 27 November 2019 on the prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU) No 575/2013, (EU) No 600/2014 and (EU) No 806/2014 (Text with EEA relevance)

REGULATION (EU) 2019/2033 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 27 November 2019

on the prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU) No 575/2013, (EU) No 600/2014 and (EU) No 806/2014

(Text with EEA relevance)

This Regulation shall be binding in its entirety and directly applicable in all Member States.

1. Visão geral

,
PART ONE GENERAL PROVISIONS PART ONE GENERAL PROVISIONS
PART TWO OWN FUNDS PART TWO OWN FUNDS
PART THREE CAPITAL REQUIREMENTS PART THREE CAPITAL REQUIREMENTS
PART FOUR CONCENTRATION RISK PART FOUR CONCENTRATION RISK
PART FIVE LIQUIDITY PART FIVE LIQUIDITY
PART SIX DISCLOSURE BY INVESTMENT FIRMS PART SIX DISCLOSURE BY INVESTMENT FIRMS
PART SEVEN REPORTING BY INVESTMENT FIRMS PART SEVEN REPORTING BY INVESTMENT FIRMS
PART EIGHT DELEGATED ACTS PART EIGHT DELEGATED ACTS
PART NINE TRANSITIONAL PROVISIONS, REPORTS, REVIEWS AND AMENDMENTS PART NINE TRANSITIONAL PROVISIONS, REPORTS, REVIEWS AND AMENDMENTS
PART TEN FINAL PROVISIONS PART TEN FINAL PROVISIONS

1.1 Referências

1.2 Requisitos identificados

1.3 Normas relacionadas

2. Requisitos identificados

Requisitos

3. Normas relacionadas

Normas

Pedidos ligados

Ligações
is related to Imported: Investment Firms Regulation (IFR) (CELEX:02019R2033-20240109)