Featured Product

    DNB Consults on Application of Investment Firms Regime

    July 20, 2021

    DNB, the central bank of Netherlands, is consulting on the Supervisor Regulation IFR, which clarifies the application of the Investment Firms Regulation (IFR) for entities that have license as managers of investment institutions and as the Undertakings for Collective Investment in Transferable Securities (UCITS). This is in preparation for the entry into force of the Investment Firms Directive (IFD), which ensures that fund managers that also provide investment services must largely comply with the same prudential requirements as investment firms. The consultation period ends on August 30, 2021.

    The IFR Supervisor Regulations stipulate that the technical standards and guidelines of the European Banking Authority (EBA) must be applied by managers of investment funds or UCITS with regard to the parts of the IFR and the IFD that have been declared applicable to managers of investment funds and UCITS. The technical standards and guidelines of EBA that relate to the elements not applicable to managers of investment funds and UCITS do not have to be applied. At present, the IFR Supervisor Regulations only contain provisions for the application of the IFR by managers of investment institutions and UCITS. In the future, DNB will further expand the IFR Supervisor Regulations with a further specification of some options and discretions under the IFR and the IFD that relate to investment firms. DNB assumes that the IFD Implementation Act will come into effect before the reporting deadline for the quarterly reports for the third quarter of 2021. DNB, therefore, also expects that the new reporting templates will be used by managers of investment institutions and UCITS (and investment firms) for the reports on the third quarter. 

     

    Related Links

    Comment Due Date: August 30, 2021

    Keywords: Europe, Netherlands, Securities, Investment Firms, Regulatory Capital, Reporting, IFR, IFD, Supervisor Regulation IFR, Option and Discretions, AIFMD, UCITS, DNB

    Featured Experts
    Related Articles
    News

    BIS Bulletin Examines Cognitive Limits of Large Language Models

    The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.

    January 25, 2024 WebPage Regulatory News
    News

    ECB is Conducting First Cyber Risk Stress Test for Banks

    As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.

    January 24, 2024 WebPage Regulatory News
    News

    EBA Continues Momentum Toward Strengthening Prudential Rules for Banks

    A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.

    January 24, 2024 WebPage Regulatory News
    News

    EU and UK Agencies Issue Updates on Final Basel III Rules

    The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards

    December 19, 2023 WebPage Regulatory News
    News

    Industry Agency Expects Considerable Uptake for Swiss Climate Scores

    The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.

    December 18, 2023 WebPage Regulatory News
    News

    BCBS Consults on Disclosure of Climate Risks, Issues Other Updates

    The Basel Committee on Banking Supervision (BCBS) launched consultation on a Pillar 3 disclosure framework for climate-related financial risks, with the comment period ending on February 29, 2024.

    December 18, 2023 WebPage Regulatory News
    News

    US Government Moves to Regulate Development and Use of AI Models

    The U.S. President Joe Biden signed an Executive Order, dated October 30, 2023, to ensure safe, secure, and trustworthy development and use of artificial intelligence (AI).

    December 18, 2023 WebPage Regulatory News
    News

    MAS Launches Gprnt Digital Platform for ESG Reporting for SMEs

    The Monetary Authority of Singapore (MAS) launched an integrated digital platform, Gprnt, also known as “Greenprint.”

    November 29, 2023 WebPage Regulatory News
    News

    EBA Finalizes Templates for One-Off Climate Risk Scenario Analysis

    The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.

    November 28, 2023 WebPage Regulatory News
    News

    NGFS Publishes Phase IV Long-term Climate Scenarios for Banks

    The Network for Greening the Financial System (NGFS) published its latest set of long-term climate macro-financial scenarios (Phase IV) for assessing forward-looking climate risks.

    November 28, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8947