Member States shall ensure that the competent authorities do not grant authorisation unless the investment firm has sufficient initial capital in accordance with the requirements of Article 9 of Directive (EU) 2019/2034 of the European Parliament and of the Council 10, having regard to the nature of the investment service or activity in question.
◷
New version applies from 28/02/2022 — introduced by Directive (EU) 2021/338.
17 provisions change.
Later versions: 23/03/2023, 09/01/2024, 28/03/2024, 17/01/2025, 06/06/2026.
Article 15 changes in this version: compare with the current text.
Article 15 - Initial capital endowment
- 10 Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the prudential supervision of investment firms and amending Directives 2002/87/EC, 2009/65/EC, 2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU (OJ L 314, 5.12.2019, p. 64). ↩