| Guvnor

Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm27 Any Person1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Financial Services Firm — also bound by 167 other Acts

Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance) 63 duties

Friendly Societies Act 1992 52 duties

Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance) 52 duties

The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges , Clearing Houses and Central Securities Depositories ) Regulations 2001 50 duties

The Credit Unions (Northern Ireland) Order 1985 43 duties

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art005 General principle Regulated

Comply with all prudential requirements in Parts Two to Seven on an individual basisFinancial Services Firm

s.art007 Prudential consolidation Regulated

Set up group consolidation structure for prudential reportingFinancial Services Firm

s.art009 Own funds composition Regulated

Maintain qualifying own funds at all timesFinancial Services Firm

s.art010 Qualifying holdings outside the financial sector Regulated

Deduct excess qualifying holdings in non‑financial sector entities from regulatory capitalFinancial Services Firm

s.art011 Own funds requirements Regulated

Maintain own funds at the highest of three minimum capital requirementsFinancial Services Firm

s.art015 K‐factor requirement and applicable coefficients Regulated

Monitor K-factors and notify regulator of material changesFinancial Services Firm

s.art018 Measuring CMH for the purpose of calculating K‐CMH Regulated

Calculate K-CMH using rolling average of client money heldFinancial Services Firm

s.art019 Measuring ASA for the purpose of calculating K‐ASA Regulated

Measure total daily safeguarded assets (ASA) for K-ASA calculationFinancial Services Firm

s.art021 RtM K‐factor requirement Regulated

Manage trading book and calculate RtM K-factor requirementFinancial Services Firm

s.art027 Calculation of exposure value Regulated

Treat each transaction separately if netting conditions are not metFinancial Services Firm

s.art035 Monitoring obligation Regulated

Monitor and control concentration riskFinancial Services Firm

s.art036 Calculation of the exposure value Regulated

Calculate exposure value for investment firms using prescribed methodsFinancial Services Firm

s.art037 Limits with regard to concentration risk and exposure value excess Regulated

Keep client exposure within concentration risk limits and manage any excessFinancial Services Firm

s.art038 Obligation to notify Regulated

Notify the regulator when concentration risk limits are exceededFinancial Services Firm

s.art040 Procedures to prevent investment firms from avoiding the K‐CON own funds requirement Regulated

Do not temporarily transfer exposures or enter artificial transactions to avoid K-CON requirementsFinancial Services Firm

s.art043 Liquidity requirement Regulated

Hold enough liquid assets to cover one third of fixed overheadsFinancial Services Firm

s.art045 Client guarantees Regulated

Hold additional liquid assets equal to 1.6% of client guaranteesFinancial Services Firm

s.art046 Scope Regulated

Publish annual financial disclosures on timeFinancial Services Firm

s.art047 Risk management objectives and policies Regulated

Disclose risk management objectives and policies for each risk categoryFinancial Services Firm

s.art048 Governance Regulated

Disclose governance details about your management body and risk committeeFinancial Services Firm

s.art049 Own funds Regulated

Disclose own funds information to regulatorsFinancial Services Firm

s.art050 Own funds requirements Regulated

Disclose capital adequacy, K-factor and fixed overheads informationFinancial Services Firm

s.art051 Remuneration policy and practices Regulated

Disclose remuneration policy details for risk‑taking staffFinancial Services Firm

s.art052 Investment policy Regulated

Disclose voting rights and voting behaviour for significant shareholdings in listed companiesFinancial Services Firm

s.art053 Environmental, social and governance risks Regulated

Disclose environmental, social and governance (ESG) risksFinancial Services Firm

s.art054 Reporting requirements Regulated

Report prudential information to the regulator quarterly (or annually if small)Financial Services Firm

s.art055 Reporting requirements for certain investment firms, including for the purposes of the thresholds referred to in Article 1(2) of this Regulation and in point (1)(b) of Article 4(1) of Regulation (EU) No 575/2013 Regulated

Report total assets monthly and quarterly if above EUR 5 billionFinancial Services Firm

s.art057 Transitional provisions Regulated

Commodity and emission allowance dealers: apply new rules from 26 June 2026Any Person

38 other provisions — procedural and definitional

s.art001 Subject matter and scope

s.art002 Supervisory powers

s.art003 Application of stricter requirements by investment firms

s.art004 Definitions

s.art006 Exemptions

s.art008 The group capital test

s.art012 Small and non‐interconnected investment firms

s.art013 Fixed overheads requirement

s.art014 Permanent minimum capital requirement

s.art016 RtC K‐factor requirement

s.art017 Measuring AUM for the purpose of calculating K‐AUM

s.art020 Measuring COH for the purpose of calculating K‐COH

s.art022 Calculating K‐NPR

s.art023 Calculating K‐CMG

s.art024 RtF K‐factor requirement

s.art025 Scope

s.art026 Calculating K‐TCD

s.art028 Replacement cost (RC)

s.art029 Potential future exposure

s.art030 Collateral

s.art031 Netting

s.art032 Credit valuation adjustment

s.art033 Measuring DTF for the purpose of calculating K‐DTF

s.art034 Prudential treatment of assets exposed to activities associated with environmental or social objectives

s.art039 Calculating K‐CON

s.art041 Exclusions

s.art042 Exemption for commodity and emission allowance dealers

s.art044 Temporary reduction of the liquidity requirement

s.art056 Exercise of the delegation

s.art058 Derogation for undertakings referred to in point (1)(b) of Article 4(1) of Regulation (EU) No 575/2013

s.art059 Derogation for investment firms referred to in Article 1(2)

s.art060 Review clause

s.art061 Amendment to Regulation (EU) No 1093/2010

s.art062 Amendments to Regulation (EU) No 575/2013

s.art063 Amendments to Regulation (EU) No 600/2014

s.art064 Amendment to Regulation (EU) No 806/2014

s.art065 References to Regulation (EU) No 575/2013 in other Union legal acts

s.art066 Entry into force and date of application

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019 on the prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU) No 575/2013, (EU) No 600/2014 and (EU) No 806/2014 (Text with EEA relevance)

Does it bind you?

Other Acts binding the same actors

What it requires