On 10 December 2021, the European Banking Authority (EBA) issued public consultations on draft Regulatory Technical Standards (RTS) on specific liquidity measurement requirements for investment firms and draft guidelines on liquidity requirements exemptions for small and non-interconnected investment firms.
The draft RTS have been developed in accordance with Article 42(6) of the Investment Firm Directive (IFD), which mandates the EBA to specify how liquidity risk and elements of liquidity risk are to be measured for the purpose of specific liquidity requirements. The draft guidelines have been developed in accordance with Article 43(4) of the Investment Firm Regulation (IFR) which mandates the EBA to specify further the criteria which Member State competent authorities may take into account when exempting investment firms that meet the conditions for qualifying as small and non‐interconnected investment firms set out in Article 12(1) from the liquidity requirement.
The deadline for both consultations is 10 March 2022.
A public hearing will take place via conference call on 18 January 2022 from 13:00 to 14:30 CET.