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Article 4 – Information on the management body and persons who direct the business ⬅️ | ➡️ Article 6 – Information on the organisation of the firm
Article 5 - Financial information
An applicant seeking authorisation as an investment firm in accordance to Title II of Directive 2014/65/EU shall provide to the competent authority the following information on its financial situation:
(a)
forecast information at an individual and, where applicable, at consolidated group and sub-consolidated levels, including:
(i)
forecast accounting plans for the first three business years including: — forecast balance sheets; — forecast profit and loss accounts or income statements;
(ii)
planning assumptions for the above forecasts as well as explanations of the figures, including expected number and type of customers, expected volume of transactions/orders, expected assets under management;
(iii)
where applicable, forecast calculations of the firm’s capital requirements and liquidity requirements under Regulation (EU) No 575/2013 of the European Parliament and of the Council
and forecast solvency ratio for the first year;
(b)
for companies that are already active, statutory financial statements, at an individual and, where applicable, at consolidated group and sub-consolidated levels for the last three financial periods, approved, where the financial statements are audited, by the external auditor, including:
(i)
the balance sheet;
(ii)
the profit and loss accounts or income statements;
(iii)
the annual reports and financial annexes and any other documents registered with the relevant registry or authority in the particular territory relevant to the company financial statements and, where applicable, a report by the company’s auditor of the last three years or since the beginning of the activity;
(c)
an analysis of the scope of consolidated supervision under Regulation (EU) No 575/2013, including details on which group entities will be included in the scope of consolidated supervision requirements post-authorisation and at which level within the group these requirements will apply on a full or sub-consolidated basis.