Q&A · ESMA
Simplified approach for regulatory capital requirements
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
The simplified capital test in Delegated Regulation 2021/1833 (for the ancillary-activity exemption) is self-contained: it reproduces the relevant parts of CRR Articles 357 and 360, so firms need not apply the rest of the CRR commodity provisions, though EBA guidance on net and gross positions may help.
Details
| Reference | ESMA_QA_1315 |
|---|---|
| Issuer | ESMA |
| Published | 23 Sept 2022 |
| Answered | 23 Sept 2022 |
| Submitted | 23 Sept 2022 |
| ESMA topics | Ancillary activity |
| Earlier Q&A document | ESMA70-872942901-36 Commodity derivatives, Ancillary service, Q&A 13 |
Provisions it relates to
- Article 2 MiFID II · ExemptionsInferred · 85%
- MiFIR (whole act)Explicit reference