Rule · DNB · 5 Oct 2020

IFR/IFD – Voluntary application of CRR (opt-in)

Investment firms may apply for permission to apply the Capital Requirements Regulation (CRR) instead of the Investment Firms Regulation (IFR) if they meet the conditions set out in Article 1(5) of the IFR. Applicants must submit calculations of actual and required liquidity and solvency at the consolidated level based on the CRR/CRD, as well as capital requirement calculations at the individual level demonstrating that CRR requirements are not lower than IFR requirements. The regulator will assess these applications against Article 1(5) conditions and formally decide on permission after the IFR/IFD have entered into force in the Netherlands.

NetherlandsDe Nederlandsche Bank

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