# Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the prudential supervision of investment firms and amending Directives 2002/87/EC, 2009/65/EC, 2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU (Text with EEA relevance), Article 38: Supervisory measures

Extent: E+W+S+N.I.

Competent authorities shall require investment firms to take, at an early stage, the measures necessary to address the following problems:
(a) an investment firm does not meet the requirements of this Directive or of Regulation (EU) 2019/2033;
(b) competent authorities have evidence that an investment firm is likely to breach the national provisions transposing this Directive or the provisions of Regulation (EU) 2019/2033 within the next 12 months.

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Source: https://www.legislation.gov.uk/eudr/2019/2034/article/38 (the official version)
Page: https://openlegislation.uk/eu-directive-2019-2034/article-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.