Commission Delegated Regulation (EU) 2023/1668 on measurement of uncovered risks and additional own funds for investment firms

The European Commission adopted Delegated Regulation (EU) 2023/1668 to supplement Directive (EU) 2019/2034 by establishing regulatory technical standards for measuring risks not sufficiently covered by existing own funds requirements. Competent authorities are required to calculate additional capital for investment firms, excluding small and non-interconnected firms, to cover the risk of disorderly wind-down and other material risks across Risk-to-Client, Risk-to-Market, and Risk-to-Firm categories. The regulation mandates the use of specific indicative qualitative metrics and expert judgment to determine adequate capital levels, ensuring they are at least equal to the fixed overheads requirement for wind-down risks and not lower than the total K-factor requirement for ongoing activity risks.

Get EC alerts — same-day email on every new publication.

EUR-Lex

Access to European Union law

This document is an excerpt from the EUR-Lex website

You are here

EUROPA

EUR-Lex home

Delegated regulation - 2023/1668 - EN - EUR-Lex

Help

Quick search

Use quotation marks to search for an "exact phrase". Append an asterisk ( * ) to a search term to find variations of it (transp * , 32019R * ). Use a question mark ( ? ) instead of a single character in your search term to find variations of it (ca ? e finds case, cane, care).

Search tips

Read the rest free, and get an email when EC publishes again

Email me when EC publishes something newOne email per publication, same day. Sign in below to keep reading.

Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Source: European Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works