Authorisation procedure and legal requirements

Explanations on the authorisation procedure applicable to PFS

Articles 13 to 23 of the law of 5 April 1993 on the financial sector (“LFS”) lay down the legal requirements that must be met in order to obtain a PFS authorisation (as defined in Article 1(28) of the LFS) and the procedure to follow. “PFS” means “a group composed of:

  •  investment firms referred to in Part I, Chapter 2, Section 2, Subsection 1;
  • specialised PFS referred to either in Part I, Chapter 2, Section 2, Subsection 2 or in Article 13 and which do not belong to the categories of the first and third indent of this definition;
  • support PFS referred to in Part I, Chapter 2, Section 2, Subsection 3.” 

(Article 1 of the LFS, definition no. 28)

 

The legal requirements and the procedure are explained in the document below:

 

Explanations on the authorisation procedure applicable to PFS - 12.06.2014