Investment firm legislation in OJEU

The Directive and Regulation making changes to existing laws on prudential requirements for, and supervision of, investment firms, have been published in the Official Journal. The legislation makes several significant changes, including:

  • the reclassification of certain systemically important firms to make them subject to CRD4/CRR, with a new prudential framework for all other firms;
  • the use of new factors to calculate the risks firms pose; and
  • new governance and remuneration standards.

The new requirements will apply from 26 June 2021.

Emma Radmore