- Date: 22nd of July 2020
- Starting time: 10.30am CEST/09.30am UK time
- Short introduction by Joanne Beiso, GFSC Gibraltar
- 1 hour presentation
- 30 mins questions
The EU has adopted a new harmonised prudential regime that will apply to all investment firms authorised in the EU from June 2021. The new Investment Firm Regulation and Directive (IFR/IFD) will treat some firms as if they were credit institutions and subject them to the same prudential rules as deposit-taking banks, while imposing entirely new and potentially challenging capital, consolidation, reporting, governance and remuneration requirements on other investment firms. Firms need to act now to prepare for the application of the new regime.