art_57__para_5
5. The derogations set out in paragraph 4 shall cease to apply where the investment firm has its authorisation extended on or after 26 June 2021 such that a higher amount of initial capital is required in accordance with Article 9 of Directive (EU) 2019/2034.
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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.