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New version applies from 05/12/2019. 118 provisions change. Later versions: 25/12/2019, 09/01/2024.

View as of 05/12/2019 What changes

IFR Regulation

25/12/2019 → 09/01/2024: 1 inserted · 0 removed · 53 amended · 0 moved · 0 renamed · 65 unchanged

Position-only shifts inside the same heading are not changes. Amended = the printed text changed.

Preamble

Preamble · 1 unchanged

Preamble

Recitals

Recitals · 51 unchanged

Recital 1 · Recital 2 · Recital 3 · Recital 4 · Recital 5 · Recital 6 · Recital 7 · Recital 8 · Recital 9 · Recital 10 · Recital 11 · Recital 12 · Recital 13 · Recital 14 · Recital 15 · Recital 16 · Recital 17 · Recital 18 · Recital 19 · Recital 20 · Recital 21 · Recital 22 · Recital 23 · Recital 24 · Recital 25 · Recital 26 · Recital 27 · Recital 28 · Recital 29 · Recital 30 · Recital 31 · Recital 32 · Recital 33 · Recital 34 · Recital 35 · Recital 36 · Recital 37 · Recital 38 · Recital 39 · Recital 40 · Recital 41 · Recital 42 · Recital 43 · Recital 44 · Recital 45 · Recital 46 · Recital 47 · Recital 48 · Recital 49 · Recital 50 · Recital 51

Part I - GENERAL PROVISIONS

amended Article 1 - Subject matter and scope Part I › Title I
amended Article 4 - Definitions Part I › Title I
amended Article 6 - Exemptions Part I › Title II › Chapter 1
amended Article 7 - Prudential consolidation Part I › Title II › Chapter 2
amended Article 8 - The group capital test Part I › Title II › Chapter 2

Part I · 3 unchanged

Article 2 · Article 3 · Article 5

Part II - OWN FUNDS

amended Article 9 - Own funds composition Part II
amended Article 10 - Qualifying holdings outside the financial sector Part II

Part III - CAPITAL REQUIREMENTS

amended Article 11 - Own funds requirements Part III › Title I
amended Article 12 - Small and non‐interconnected investment firms Part III › Title I
amended Article 13 - Fixed overheads requirement Part III › Title I
amended Article 15 - K‐factor requirement and applicable coefficients Part III › Title II › Chapter 1
amended Article 17 - Measuring AUM for the purpose of calculating K‐AUM Part III › Title II › Chapter 2
amended Article 18 - Measuring CMH for the purpose of calculating K‐CMH Part III › Title II › Chapter 2
amended Article 19 - Measuring ASA for the purpose of calculating K‐ASA Part III › Title II › Chapter 2
amended Article 20 - Measuring COH for the purpose of calculating K‐COH Part III › Title II › Chapter 2
amended Article 21 - RtM K‐factor requirement Part III › Title II › Chapter 3
amended Article 22 - Calculating K‐NPR Part III › Title II › Chapter 3
amended Article 23 - Calculating K‐CMG Part III › Title II › Chapter 3
amended Article 25 - Scope Part III › Title II › Chapter 4 › Section 1
amended Article 26 - Calculating K‐TCD Part III › Title II › Chapter 4 › Section 1
amended Article 28 - Replacement cost (RC) Part III › Title II › Chapter 4 › Section 1
amended Article 29 - Potential future exposure Part III › Title II › Chapter 4 › Section 1
amended Article 30 - Collateral Part III › Title II › Chapter 4 › Section 1
amended Article 31 - Netting Part III › Title II › Chapter 4 › Section 1
amended Article 32 - Credit valuation adjustment Part III › Title II › Chapter 4 › Section 1
amended Article 33 - Measuring DTF for the purpose of calculating K‐DTF Part III › Title II › Chapter 4 › Section 2
amended Article 34 - Prudential treatment of assets exposed to activities associated with environmental or social objectives Part III › Title II › Chapter 5

Part III · 4 unchanged

Article 14 · Article 16 · Article 24 · Article 27

Part IV - CONCENTRATION RISK

amended Article 35 - Monitoring obligation Part IV
amended Article 36 - Calculation of the exposure value Part IV
amended Article 37 - Limits with regard to concentration risk and exposure value excess Part IV
amended Article 38 - Obligation to notify Part IV
amended Article 39 - Calculating K‐CON Part IV
amended Article 40 - Procedures to prevent investment firms from avoiding the K‐CON own funds requirement Part IV
amended Article 41 - Exclusions Part IV
amended Article 42 - Exemption for commodity and emission allowance dealers Part IV

Part V - LIQUIDITY

amended Article 43 - Liquidity requirement Part V
amended Article 44 - Temporary reduction of the liquidity requirement Part V

Part V · 1 unchanged

Article 45

Part VI - DISCLOSURE BY INVESTMENT FIRMS

amended Article 46 - Scope Part VI
inserted Article 46a - Accessibility of information on the European single access point Part VI
amended Article 48 - Governance Part VI
amended Article 49 - Own funds Part VI
amended Article 50 - Own funds requirements Part VI
amended Article 51 - Remuneration policy and practices Part VI
amended Article 52 - Investment policy Part VI

Part VI · 2 unchanged

Article 47 · Article 53

Part VII - REPORTING BY INVESTMENT FIRMS

Part VIII - DELEGATED ACTS

amended Article 56 - Exercise of the delegation Part VIII

Part IX - TRANSITIONAL PROVISIONS, REPORTS, REVIEWS AND AMENDMENTS

amended Article 57 - Transitional provisions Part IX › Title I
amended Article 60 - Review clause Part IX › Title II
amended Article 61 - Amendment to Regulation (EU) No 1093/2010 Part IX › Title III
amended Article 62 - Amendments to Regulation (EU) No 575/2013 Part IX › Title III
amended Article 63 - Amendments to Regulation (EU) No 600/2014 Part IX › Title III
amended Article 64 - Amendment to Regulation (EU) No 806/2014 Part IX › Title III

Part IX · 2 unchanged

Article 58 · Article 59

Part X - FINAL PROVISIONS

amended Article 66 - Entry into force and date of application Part X

Part X · 1 unchanged

Article 65