Regulatory Alerts2021-08-06
Added · Updated
Commission Delegated Regulation (EU) 2021/2153 on prudential requirements for certain investment firms
The European Commission adopted Delegated Regulation (EU) 2021/2153 to specify criteria for subjecting certain investment firms to the prudential requirements of Regulation (EU) No 575/2013. Article 1 mandates that investment firms exceeding specific quantitative thresholds—such as EUR 50 billion in non-centrally cleared OTC derivatives or EUR 5 billion in underwriting, lending, or debt securities—are considered to carry out activities on a scale posing systemic risk. Article 2 further requires that investment firms acting as clearing members offering services to non-clearing members be subject to these same prudential standards. The regulation entered into force on the twentieth day following its publication in the Official Journal of the European Union.