Regulatory Alerts2024-10-22 | C662CySEC Adoption of EBA Guidelines on Group Capital Test for Investment Firm Groups
The Cyprus Securities and Exchange Commission (CySEC) has adopted the European Banking Authority Guidelines on the application of the group capital test for investment firm groups, incorporating them into its supervisory practices effective January 1, 2025. These guidelines specify the conditions under which investment firm groups may apply for group capital test permission or hold lower own funds requirements than calculated under standard rules. CySEC requires firms seeking these permissions to submit detailed requests via its portal, including specific information on group structure, capital calculations, and risk assessments.
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