Specific prudential framework for investment firms


The European Commission is undertaking a fundamental review on the prudential regime for (MiFID) investment firms. This is relevant for all non-bank firms undertaking investment services and activities.

The proposals are comprised of a Regulation on the prudential requirements of investment firms and a Directive on the prudential supervision of investment firms. It is important to note that although the proposals are meant to ease the burden for investment firms, as the proposals currently stand for some investment firms the capital requirements will increase.

A political agreement has been reached between the European Commission, European Parliament and the Council about the proposals on 26 February 2019. It is likely that the new requirements will come into effect in late 2020.


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Emanuel van Praag

emanuel.van.praag@hvglaw.nl +31 88 407 04 98