EU investment firms prudential regime ('IFR/D')
The new EU Investment Firms Regulation (IFR) and Investment Firms Directive (IFD) is a new, bespoke EU prudential regime for MiFID investment firms. The IFD/IFR began to apply to firms from 26 June 2021.
The IFR/IFD introduces own funds, liquidity assets, remuneration, governance, and reporting requirements. Some firms which are below specified thresholds will be subject to a more limited set of requirements. AIMA has provided commentary throughout the framework's legislative process and to the various RTS/ITS that the EBA has sought feedback on.
If firms are finding compliance with the new requirements complex, AIMA may be able to help by arranging a peer-to-peer discussion group session so people can seek practical solutions from their peers. If this is of interest, please contact Remmert Keijzer.
(Last updated: 29 June 2021)