Article 5 Financial information

An applicant seeking authorisation as an investment firm in accordance to the United Kingdom’s legislation corresponding to Title II of Directive 2014/65/EU shall provide to the competent authority the following information on its financial situation:

1. (a)

   forecast information at an individual and, where applicable, at consolidated group and sub-consolidated levels, including:

   1. (i)

      forecast accounting plans for the first three business years including:

      • forecast balance sheets;
      • forecast profit and loss accounts or income statements;

   2. (ii)

      planning assumptions for the above forecasts as well as explanations of the figures, including expected number and type of customers, expected volume of transactions/orders, expected assets under management;

   3. (iii)

      where applicable, forecast calculations of the firm's capital requirements and liquidity requirements under Regulation (EU) No 575/2013 of the European Parliament and of the Council and forecast solvency ratio for the first year;

2. (b)

   for companies that are already active, statutory financial statements, at an individual and, where applicable, at consolidated group and sub-consolidated levels for the last three financial periods, approved, where the financial statements are audited, by the external auditor, including:

   1. (i)

      the balance sheet;

   2. (ii)

      the profit and loss accounts or income statements;

   3. (iii)

      the annual reports and financial annexes and any other documents registered with the relevant registry or authority in the particular territory relevant to the company financial statements and, where applicable, a report by the company's auditor of the last three years or since the beginning of the activity;

3. (c)

   an analysis of the scope of consolidated supervision under Regulation (EU) No 575/2013, including details on which group entities will be included in the scope of consolidated supervision requirements post-authorisation and at which level within the group these requirements will apply on a full or sub-consolidated basis.