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    EU Issues Corrigenda to Investment Firms Directive and Regulation

    December 02, 2020

    EU published, in the Official Journal of the European Union, corrigenda to the Directive and the Regulation on the prudential requirements and supervision of investment firms. The corrigendum to the Investment Firms Directive (IFD or 2019/2034) mentions corrections to four articles, including text related to scope, sanctions, amendments to Bank Recovery and Resolution Directive or BRRD (2014/59/EU), and transposition. The corrigendum to the Investment Firms Regulation (IFR or 2019/2033) mentions corrections to the articles on transitional provisions, amendments to the Capital Requirements Regulation (575/2013), amendments to the Markets in Financial Instruments Regulation (600/2014), and entry into force and date of application of the regulation. The corrigendum corrects point 3(b) of the Article on entry into force and date of application stating that points (30), (32), and (33) of Article 62 of IFR shall apply from December 25, 2019.

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    Keywords: Europe, EU, Banking, Securities, Regulation 2019/2033, Directive 2019/2034, BRRD, CRR, Corrigendum, IFR, IFD, European Parliament, European Council

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