investment firm

Defined in Article 4, Capital Requirements Regulation (CRR)

Definitions over time (3)

1. 29/06/2021 – today applies on 12/11/2026 Article 4, Capital Requirements Regulation (CRR) Scope: Whole act

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

   ‘investment firm’ means an investment firm as defined in point (1) of Article 4(1) of Directive 2014/65/EU which is authorised under that Directive but excludes credit institutions;

2. 25/12/2019 – 29/06/2021 Article 4, Capital Requirements Regulation (CRR) Scope: Whole act

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

   ‘investment firm’ means a person as defined in point (1) of Article 4(1) of Directive 2004/39/EC, which is subject to the requirements imposed by that Directive, excluding the following: credit institutions; local firms; firms which are not authorised to provide the ancillary service referred to in point (1) of Section B of Annex I to Directive 2004/39/EC, which provide only one or more of the investment services and activities listed in points 1, 2, 4 and 5 of Section A of Annex I to that Directive, and which are not permitted to hold money or securities belonging to their clients and which for that reason may not at any time place themselves in debt with those clients;

3. 28/06/2013 – 19/07/2016 Article 4, Capital Requirements Regulation (CRR) Scope: Whole act

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

   ‘investment firm’ means a person as defined in point (1) of Article 4(1) of Directive 2004/39/EC, which is subject to the requirements imposed by that Directive, excluding the following: credit institutions; local firms; firms which are not authorised to provide the ancillary service referred to in point (1) of Section B of Annex I to Directive 2004/39/EC, which provide only one or more of the investment services and activities listed in points 1, 2, 4 and 5 of Section A of Annex I to that Directive, and which are not permitted to hold money or securities belonging to their clients and which for that reason may not at any time place themselves in debt with those clients;

Used in (66 places in 35 provisions on 12/11/2026)

Capital Requirements Regulation (CRR) (66 in 35)

Recital 2 · Recital 4³ · Recital 5 · Recital 80² · Recital 125² · Article 2² · Article 4¹¹ · Article 10a³ · Article 11 · Article 23 · Article 81 · Article 82 · Article 84² · Article 85² · Article 87² · Article 88b · Article 107 · Article 162 · Article 197 · Article 200² · Article 224 · Article 227 · Article 243 · Article 325b · Article 395⁴ · Article 402² · Article 411 · Article 416 · Article 422² · Article 424 · Article 425² · Article 493 · Article 498 · Article 520 · Annex III⁵