art_37__para_2

Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019 on the prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU) No 575/2013, (EU) No 600/2014 and (EU) No 806/2014 (Text with EEA relevance) · European Union

2. Where the limits referred to in paragraph 1 are exceeded, an investment firm shall meet the obligation to notify set out in Article 38 and meet an own funds requirement on the exposure value excess in accordance with Article 39. Investment firms shall calculate an exposure value excess with regard to an individual client or group of connected clients in accordance with the following formula: exposure value excess = EV – L where: EV = exposure value calculated in the manner laid down in Article 36; and L = limit with regard to concentration risk as determined in paragraph 1 of this Article.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.