Regulations: All numbers & Thresholds

What are the threshold conditions on a large undertaking? (MIFID)

Balance sheet > 20mn EUR

Turnover > 40mn EUR

Own Funds > 2mn EUR

What is the balance sheet threshold for a large undertaking? (MIFID)

20mn EUR

What is the turnover threshold for a large undertaking? (MIFID)

40mn EUR

What is the own funds threshold for a large undertaking? (MIFID)

2mn EUR

What are the threshold conditions for a per se PC - large undertaking? (non-MIFID)

Balance sheet > 12.5mn EUR

Turnover > 25mn EUR

Average num employees > 250

What are the balance sheet threshold conditions for a per se PC - large undertaking? (non-MIFID)

12.5mn EUR

What are the turnover threshold conditions for a per se PC - large undertaking? (non-MIFID)

25mn EUR

What are the employee threshold conditions for a per se PC - large undertaking? (non-MIFID)

average employees > 250

What are the quantitative test thresholds for a Elective PC?

Average of 10 trades per quarter

Portfolio > 500k EUR

>1 year experience working in FS

What are the quantitative test thresholds for a Elective PC re trade frequency?

average 10 per quarter

What are the quantitative test thresholds for a Elective PC re portfolio size?

500k EUR

What are the quantitative test thresholds for a Elective PC re experience?

more than 1 year experience working in financial services

What is the threshold condition on whether dealing in own company shares must be disclosed?

When greater than 5,000 EUR in a calendar year.

Note that anything less than this doesn’t need to be disclosed.

What is the threshold condition below which dealing in own company shares does not need to be disclosed?

When less than 5,000 EUR in a calendar year.

What is the threshold above which source of funds must be included in Customer DD (CDD) under Money Laundering Regulations 2017?

When greater than 7,500 EUR

What is the threshold below which source of funds must not be included in Customer DD (CDD) under Money Laundering Regulations 2017?

When less than 7,500 EUR.

What are eligible complainants?

• A consumer = natural person + RC

• Businesses with fewer than 10 employees and turnover of less than 2mn EUR (a micro enterprise)

• Charities with annual income less than £6.5mn

• Trusts with net assets < £5mn

• Certain SMEs with annual turnover of < £6.5mn & balance sheet threshold of £5mn - OR fewer than 50 empployees.

What is the threshold on charities to be eligible complainants?

When annual income is less than £6.5mn.

What is the threshold on trusts to be eligible complainants?

When net assets are less than £5mn.

What is the threshold on businesses to be eligible complainants?

When there are fewer than 10 employees and turnover is less than 2mn EUR.

What is the threshold on SMEs to be eligible complainants?

When annual turnover is less than £6.5mn and balance sheet threshold of £5mn, or fewer than 50 employees.