Investment firms must apply the regulation from June 2021. Despite the ongoing COVID-19 crisis, the start date has not been postponed, leading to an ambitious time frame for the implementation of new regulatory obligations. Depending on the group to which investment firms will be assigned, different requirements will have to be met. The experts at BearingPoint RegTech recommend that institutions start soon to examine the upcoming rules to give themselves enough time to prepare for the new requirements.
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