Hassle-free compliance with the new IFR/IFD prudential regime
A solution trusted by over 100 banks, credit institutions, and investment firms worldwide
IFR/IFD prudential regime
The Investment Firms Regulation (IFR) and Investment Firms Directive (IFD) prudential regime began to apply to all EU investment firms from June 26, 2021.
The new regime covers investment firms functioning under MiFiD II (Markets in Financial Instruments Directive II). It revises capital and liquidity requirements for the firms based on the ‘Class’ to which they belong.
These firms are considered systemically important. They will continue to comply with Capital Requirements Regulation; Capital Requirements Directive IV (CRR/CRD IV) regime.
Firms in this category are considered non-systemic. They will be in full scope of the IFR/IFD regime. Class II firms’ capital requirements will be calculated using K-factors.
Class III investment firms are also considered non-systemic. They will be in limited scope of the IFR/IFD regime.
For a smooth regulatory compliance with the highest quality & efficiency
IRIS iDEAL® acts as the bridge between an organization’s internal data systems and the regulator’s filing platform.
IRIS iDEAL® facilitates automated scheduling of XBRL document creation and report submission through a one-time mapping of internal reportable data to the taxonomy elements.
The IRIS iDEAL® Advantage
IRIS iDEAL® has been meeting the regulatory compliance needs of over 100 banks, credit institutions and investment firms worldwide for over a decade now.
The IRIS iDEAL® platform helps produce highly reliable and accurate XBRL data. We promise a quick turnaround in the event of taxonomy and business rule changes.
IRIS iDEAL® facilitates automation of XBRL reporting through seamless integration of multiple data sources. The platform is database agnostic.