concentration risk

Defined in Article 4, IFR Regulation

Definitions over time (2)

1. 09/01/2024 – today applies on 12/11/2026 Article 4, IFR Regulation Scope: Whole act Also: CON

   For the purposes of this Regulation, the following definitions apply:

   ‘concentration risk’ or ‘CON’ means the exposures in the trading book of an investment firm to a client or a group of connected clients the value of which exceeds the limits in Article 37(1);

2. 05/12/2019 – 25/12/2019 Article 4, IFR Regulation Scope: Whole act Also: CON

   For the purposes of this Regulation, the following definitions apply:

   ‘concentration risk’ or ‘CON’ means the exposures in the trading book of an investment firm to a client or a group of connected clients the value of which exceeds the limits in Article 37(1);

Used in (35 places in 13 provisions on 12/11/2026)

IFR Regulation (35 in 13)

Recital 22² · Recital 23 · Recital 26³ · Recital 27⁴ · Recital 29² · Article 1 · Article 4² · Article 24³ · Article 35 · Article 36 · Article 37⁵ · Article 39³ · Article 54⁷