EBA launches second consultation on its technical standards on the calculation of the EUR 30bn threshold above which investment firms are required to seek authorisation as a credit institution

On 7 June 2021, the European Banking Authority (EBA) launched a second consultation on its draft regulatory technical standards (RTS) on the methodology for calculating the EUR 30bn threshold under Article 8a(6)(b) of Directive 2013/36/EU as amended by Article 62(6) of Directive 2019/2034 whereby investment firms are required to seek authorisation as a credit institution.  The consultation runs until 17 July 2021.