New Year's Day 2017 heralded a relaxation of the capital adequacy and solvency requirements for investment service companies. After that, the firms were required to hold a minimum of EUR 125,000 in liquidity in order to do business — down from the previous demand for EUR 300,000.
So it would seem that starting an investment service company has become easier, but in fact the relaxation has no real effect, according to Robert Thiesen, the founder and CEO of the Danish wealth and asset manager Dansk FI. Why? MiFID II, he says.