RegAlert2024-12-17 | NBB_2024_21Added
Circular NBB_2024_21 / Circular implementing EBA guidelines on the application of the group capitalisation test for investment firm groups under Article 8 of Regulation (EU) 2033/2019
The National Bank of Belgium integrates the European Banking Authority's guidelines into its supervisory practice, requiring investment firm groups designated as sufficiently simple and not posing significant risks to clients and markets to apply for authorization to use the group capitalisation test or hold lower own funds amounts instead of regulatory consolidation. These guidelines, which establish the conditions for such authorizations and the information required for assessment, apply from 1 January 2025. The circular also specifies the conditions for maintaining or withdrawing these authorizations.
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NBB_2024_21 – 17 December 2024 Circular – Page 1/2 boulevard de Berlaimont 14 – BE-1000 Brussels tel. +32 2 221 54 65 company number: 0203.201.340 RPM Brussels www.bnb.be
Circular
Brussels, 17 December 2024
Reference: NBB_2024_21 your correspondent:
Nicolas Staner tel. +32 2 221 44 69 nicolas.staner@nbb.be
Circular implementing the EBA guidelines on the application of the group capitalisation test for investment firm groups in accordance with Article 8 of Regulation (EU) 2033/2019
Scope
This circular applies to stock exchange firms that are a Belgian parent investment firm in the Union, Belgian parent investment holding companies and Belgian parent mixed financial holding companies in the Union at the head of an investment firm group where the National Bank of Belgium has been designated as the consolidated supervisor of the investment firm group (hereinafter "investment firm group").
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Lineage: In force
Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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