Rule · DNB · 5 Oct 2020
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.
Q&A
Read aloud
Question:
How can an investment firm request permission to apply the CRR instead of the IFR?
Published: 05 October 2020
Answer:
We may grant permission to investment firms to apply the requirements of the CRR instead of the requirements of the IFR if they meet the conditions set out in Article 1(5) of the IFR. Investment firms wishing to use this option can submit an application to us. They must include the following information:
A calculation of the actual and required liquidity and solvency at consolidated level based on the CRR/CRD.
Calculations of the capital requirements at individual level based on the CRR and based on the IFR, in which the CRR requirements must not be lower than the IFR requirements.
Based on the information submitted we will assess whether the application for permission meets all conditions of Article 1(5) of the IFR. If that is the case, we will grant permission to apply the CRR requirements instead of the IFR requirements We will formally decide on applications for permission after the IFR/IFD have entered into force in the Netherlands.
Base law
IFR/IFD
(Refers to an external site)
IFD
(Refers to an external site)
Discover related articles
Q&A
Investment firms
Share:
Share on LinkedIn
Share on X
Share on Facebook
Share via Email
Interesting articles
De Nederlandsche Bank publishes ‘Integrity Supervision in Focus 2026’
25 June 2026
News item supervision
In the third edition of ‘Integrity Supervision in Focus’ (ISF), we share the key insights from our integrity supervision.
Read more
De Nederlandsche Bank publishes ‘Integrity Supervision in Focus 2026’
News item supervision
25 June 2026
DNB email on technical adjustments
25 June 2026
News item supervision
This week, you may receive an email from De Nederlandsche Bank (DNB). This email concerns technical adjustments required to continue corresponding with DNB by email.
Read more
DNB email on technical adjustments
News item supervision
25 June 2026
Eurosystem presents proposals to strengthen macroprudential oversight of the non bank financial sector
05 May 2026
News item supervision
The Eurosystem has published policy proposals aimed at strengthening the macroprudential oversight of the non bank financial intermediation (NBFI) sector. The proposals seek to improve the identification and mitigation of risks to financial stability.
Read more
Eurosystem presents proposals to strengthen macroprudential oversight of the non bank financial sector
News item supervision
05 May 2026
New handbook helps investors integrate impact into their decisions
27 January 2026
Sustainable Finance Platform
Strengthening cooperation and knowledge sharing within the financial sector is a key objective of the Sustainable Finance Platform. The Integrating Impact Working Group has compiled a handbook for investors, based on best practices and scientific insights.
Read more
New handbook helps investors integrate impact into their decisions
Sustainable Finance Platform
27 January 2026
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
More like this from DNB
We email you every new DNB publication the day it's published.
Source: De Nederlandsche Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated