The European Commission is currently considering the appropriate prudential treatment for investment firms. Particularly, whether the prudential regime laid down in the CRD/CRR is applicable for all investment firms or for certain classes of investment firms only. The EBA responded to the Commission´s call for technical advice and recommends that only those investment firms that are currently identified as Global Systemically Important Institutions (G-SIIs) and Other Systemically Important Institutions (O-SIIs) remain subject to the full CRD/CRR regime.
The EBA's recommendation issued on 20 October 2016 may be found here.