Open on EUR-Lex ↗

Article 40 - Procedures to prevent investment firms from avoiding the K‐CON own funds requirement

Article 40
Procedures to prevent investment firms from avoiding the K‐CON own funds requirement

1.Investment firms shall not temporarily transfer exposures exceeding the limit laid down in Article 37(1) to another company, whether within the same group or not, or enter into artificial transactions to close out those exposures during the 10‐day period referred to in Article 39 and create new exposures.

2.Investment firms shall maintain systems which ensure that any transfer as referred to in paragraph 1 is immediately reported to the competent authorities.

Official text · consolidated version 09/01/2024 (in force) Open full page ↗
7 queries · page built in 27 msInventory f82bbfa3