EUROPEAN UNION: EBA launches data collection to support the new prudential framework for investment firms

Monday July 18 2016

The European Banking Authority (EBA) launched today a data collection exercise aimed at supporting the response to the European Commission’s Call for Advice on 13 June 2016 on a new prudential framework for MiFID (Markets in Financial Instruments Directive) investment firms. The data collection also addresses the European Commission’s request regarding the application of proportionality in the area of remuneration.

To support the data collection, the EBA has published templates and instructions which are addressed to MiFID investment firms and to UCITS/AIFMD (Undertakings for Collective Investment in Transferable Securities/Alternative Investment Fund Managers Directive) firms that conduct MiFID activities or services.

The templates should be filled in and submitted to the respective Competent Authorities no later than Friday, 7 October 2016.

The EBA will launch an ad-hoc data collection for commodity dealers at a later stage.

Click on the above link for further details, including the forms and templates that are to be used as part of the data collection exercise.