On 10 July 2020, the government of the Netherlands opened a consultation on Prudential supervision of investment firms directive.
21 Sep 2020
The consultation targets investment firms and investment fund managers and UCITS managers insofar as they also provide investment services or perform investment activities.
The Basel Committee standards do not fully reflect the specific risks associated with the services and activities of investment firms, but focus on addressing the most common risks for banks. For that reason, this Regulation and Directive provide for a new prudential regime for investment firms which addresses the specific risks for investment firms which is the subject of the current consultation.
This article was originally published in the August edition of REGWATCH. Read the full edition covering the following jurisdictions:
- European Union
- Hong Kong
- United Kingdom