On 5 September 2022, there was published in the Official Journal of the European Union (OJ), Commission Delegated Regulation (EU) 2022/1455 of 11 April 2022, supplementing the Investment Firms Regulation with regard to regulatory technical standards for own funds requirement for investment firms based on fixed overheads.
The RTS:
- Specify the deductions to be applied for the calculation from the figures resulting from the applicable accounting standards that are the basis for the calculation of the fixed overheads.
- Clarify the additional items to be deducted from the total expenses by commodity and emission allowance dealers on account of the particularity of the activities conducted by those undertakings.
- Specify the notion of material change in the activity of an investment firm.
The Delegated Regulation enters into force on the twentieth day following its publication in the OJ (25 September 2022).
