Article 54 of the Investment Firm Regulation (IFR – Regulation (EU) 2019/2033) stipulates that medium-sized and small investment firms are required to submit reports to the national supervisory authority. The reporting cycle and the scope of these reports vary depending on whether an institution is classified as a medium-sized or small investment firm. Small investment firms must submit a report every year for the 31 December reporting date by 11 February the next year at the latest. The report contains information on own funds, own funds requirements, liquidity and the thresholds according to which an institution is classified as a medium-sized or small investment firm. Medium-sized investment firms report quarterly on the reporting dates of 31 March (by 12 May at the latest), 30 June (by 11 August at the latest), 30 September (by 11 November at the latest) and 31 December (by 11 February the next year at the latest). These reports include more detailed information, particularly on own funds requirements, and also contain data on the institution’s risk concentration.

These requirements also apply to groups of investment firms and investment holding companies that are required to report on the consolidated level of the group.

Further details on the reporting requirements for investment firms are set out in Commission Implementing Regulation (EU) 2021/2284.

From 2026 onwards, reporting pursuant to Article 55 of the IFR is also expected.