Regulatory Alerts2021-07-14
Added · Updated
IFR/IFD - Solo exemptions
Investment firms may apply for exemptions from IFR requirements at the individual level under Article 6(1) and from disclosure requirements under Article 6(2). Applicants must submit an organization chart, formal board confirmations, articles of association, Chamber of Commerce extracts, a Section 403 guarantee, and proof of integration into the parent company's systems. The regulator assesses these submissions to determine if the conditions for the solo exemption are met.
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