{"id":48196,"date":"2025-09-23T10:25:34","date_gmt":"2025-09-23T08:25:34","guid":{"rendered":"https:\/\/www.investglass.com\/?p=48196"},"modified":"2026-02-04T15:06:50","modified_gmt":"2026-02-04T14:06:50","slug":"crcvi%e3%81%ae%e7%ac%ac21%e6%9d%a1c%e3%81%a7%e4%bd%95%e3%81%8c%e5%a4%89%e3%82%8f%e3%82%8b%e3%81%ae%e3%81%8b%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.investglass.com\/ja\/whats-changing-with-article-21c-of-crd-vi\/","title":{"rendered":"CRD VI\u7b2c21c\u6761\u3067\u4f55\u304c\u5909\u308f\u308b\u306e\u304b\uff1f"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\u8b66\u544a \uff1a <em>\u3053\u308c\u306f\u6cd5\u7684\u306a\u30a2\u30c9\u30d0\u30a4\u30b9\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002 <\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EU\u306e\u6700\u65b0\u306e\u9280\u884c\u6307\u4ee4, <strong>CRD VI<\/strong>, 2027\u5e741\u6708\u4ee5\u964d\u3001EU\u57df\u5916\u306e\u9280\u884c\u3084\u6295\u8cc7\u4f1a\u793e\u306f\u3001EU\u57df\u5185\u306b\u304a\u3051\u308b\u9280\u884c\u3084\u6295\u8cc7\u4f1a\u793e\u306e\u8a2d\u7acb\u304c\u5fc5\u8981\u3068\u306a\u308b\u30022027\u5e741\u6708\u4ee5\u964d\u3001EU\u52a0\u76df\u56fd\u4ee5\u5916\u306e\u9280\u884c\u3084\u6295\u8cc7\u4f1a\u793e\u306f\u3001EU\u52a0\u76df\u56fd\u4ee5\u5916\u306e\u9280\u884c\u3084\u6295\u8cc7\u4f1a\u793e\u306b\u5bfe\u3057\u3066\u3001EU\u52a0\u76df\u56fd\u4ee5\u5916\u306e\u9280\u884c\u3084\u6295\u8cc7\u4f1a\u793e\u3092\u8a2d\u7acb\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002 <strong>\u30d6\u30e9\u30f3\u30c1<\/strong> \u9810\u91d1\u53d6\u308a\u6271\u3044\u3001\u878d\u8cc7\u3001\u4fdd\u8a3c\u306e\u767a\u884c\u306a\u3069\u3001\u4e2d\u6838\u7684\u306a\u9280\u884c\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3057\u305f\u3044EU\u52a0\u76df\u56fd\u3067\u3042\u308c\u3070\u3069\u3053\u3067\u3082\u3002.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3044\u304f\u3064\u304b\u306e\u9069\u7528\u9664\u5916\u306f\u3042\u308b\u304c\u3001\u3053\u306e\u898f\u5247\u306f\u91cd\u8981\u3067\u3042\u308b\u3002\u3053\u308c\u306f\u6307\u4ee4\u3067\u3042\u308b\u305f\u3081\u3001EU\u5404\u56fd\u306f2026\u5e741\u6708\u307e\u3067\u306b\u81ea\u56fd\u306e\u6cd5\u5f8b\u306b\u76db\u308a\u8fbc\u307e\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u305d\u3057\u3066\u3001\u305d\u3053\u304b\u3089\u8ab2\u984c\u304c\u59cb\u307e\u308b\u3002.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-the-national-transposition-so-important\">\u306a\u305c\u5168\u7c73\u79fb\u7c4d\u304c\u91cd\u8981\u306a\u306e\u304b\uff1f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u6307\u4ee4\u306e\u56fd\u5185\u6cd5\u3078\u306e\u300c\u79fb\u7ba1\u300d\u65b9\u6cd5\u306b\u3064\u3044\u3066\u306f\u3001\u5404\u52a0\u76df\u56fd\u306b\u88c1\u91cf\u304c\u3042\u308b\u3002\u7406\u60f3\u7684\u306b\u306f\u3001EU\u306e\u6587\u8a00\u306b\u5fe0\u5b9f\u3067\u3042\u308b\u3079\u304d\u3060\u3002\u3057\u304b\u3057\u5b9f\u969b\u306b\u306f\u3001\u5404\u56fd\u304c\u7570\u306a\u308b\u89e3\u91c8\u3092\u3057\u305f\u308a\u3001\u72ec\u81ea\u306e\u5de5\u592b\u3092\u52a0\u3048\u305f\u308a\u3059\u308b\u5371\u967a\u6027\u304c\u3042\u308b\u3002.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u306e\u7d50\u679c\u306f\uff1f\u4f01\u696d\u306f\u6b27\u5dde\u5168\u57df\u3067\u3064\u304e\u306f\u304e\u3060\u3089\u3051\u306e\u30eb\u30fc\u30eb\u306b\u76f4\u9762\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u3053\u308c\u306f\u30b3\u30b9\u30c8\u304c\u304b\u304b\u308a\u3001\u6df7\u4e71\u3092\u62db\u304d\u3001\u91d1\u878d\u30b5\u30fc\u30d3\u30b9\u5358\u4e00\u5e02\u5834\u3068\u3044\u3046EU\u306e\u91ce\u671b\u3092\u640d\u306a\u3046\u3053\u3068\u306b\u306a\u308b\u3002.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-key-exemptions-we-need-to-understand\">\u7406\u89e3\u3059\u3079\u304d\u4e3b\u306a\u9069\u7528\u9664\u5916\u3068\u306f\uff1f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u6307\u4ee4\u306f\u7d76\u5bfe\u7684\u306a\u4e00\u5f8b\u30eb\u30fc\u30eb\u3067\u306f\u306a\u304f\u3001\u660e\u78ba\u306a\u9664\u5916\u898f\u5b9a\u304c\u3042\u308b\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>MiFID\u30b5\u30fc\u30d3\u30b9<\/strong>:\u91d1\u878d\u5546\u54c1\u5e02\u5834\u6307\u4ee4\u306b\u8a72\u5f53\u3059\u308b\u6d3b\u52d5\u3001\u307e\u305f\u306f\u305d\u308c\u306b\u4ed8\u968f\u3059\u308b\u6d3b\u52d5\u306e\u5834\u5408\u3001\u652f\u5e97\u8981\u4ef6\u306f\u9069\u7528\u3055\u308c\u306a\u3044\u3002.<\/li>\n\n\n\n<li><strong>\u9006\u52df\u96c6<\/strong>:EU\u306e\u9867\u5ba2\u304c\u81ea\u767a\u7684\u306b\u7b2c\u4e09\u56fd\u306e\u4f01\u696d\u306b\u30a2\u30d7\u30ed\u30fc\u30c1\u3059\u308b\u5834\u5408\u3001\u305d\u306e\u4f01\u696d\u306f\u652f\u5e97\u3092\u8a2d\u7acb\u3059\u308b\u3053\u3068\u306a\u304f\u3001\u8981\u6c42\u3055\u308c\u305f\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002.<\/li>\n\n\n\n<li><strong>\u30a2\u30d5\u30bf\u30fc\u30d5\u30a9\u30ed\u30fc<\/strong>:\u4e00\u65e6\u95a2\u4fc2\u304c\u78ba\u7acb\u3055\u308c\u308c\u3070\u3001\u5143\u306e\u30ea\u30af\u30a8\u30b9\u30c8\u306b\u5bc6\u63a5\u306b\u95a2\u9023\u3059\u308b\u8ffd\u52a0\u30b5\u30fc\u30d3\u30b9\u3082\u8a31\u53ef\u3055\u308c\u308b\u3079\u304d\u3067\u3042\u308b\u3002.<\/li>\n\n\n\n<li><strong>\u30b0\u30e9\u30f3\u30c9\u30d5\u30a1\u30b6\u30ea\u30f3\u30b0<\/strong>:2026\u5e747\u6708\u4ee5\u524d\u306b\u7de0\u7d50\u3055\u308c\u305f\u5951\u7d04\u306f\u5f15\u304d\u7d9a\u304d\u6709\u52b9\u3067\u3042\u308a\u3001\u65e2\u5b58\u9867\u5ba2\u306e\u6df7\u4e71\u3092\u907f\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002.<\/li>\n\n\n\n<li><strong>\u30bf\u30a4\u30df\u30f3\u30b0<\/strong>:\u30d6\u30e9\u30f3\u30c1\u8981\u4ef6\u81ea\u4f53\u306f2027\u5e741\u6708\u304b\u3089\u3057\u304b\u9069\u7528\u3055\u308c\u306a\u3044\u305f\u3081\u3001\u4f01\u696d\u306f\u79fb\u7ba1\u5f8c1\u5e74\u9593\u306f\u6e96\u5099\u671f\u9593\u304c\u3042\u308b\u3002.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u306e\u30ab\u30fc\u30d6\u30a2\u30a6\u30c8\u306f\u3001\u9867\u5ba2\u3092\u4fdd\u8b77\u3057\u306a\u304c\u3089\u5e02\u5834\u3092\u30aa\u30fc\u30d7\u30f3\u306b\u3057\u3066\u304a\u304f\u305f\u3081\u306e\u3082\u306e\u3067\u3042\u308b\u3002.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-where-are-the-concerns-coming-from\">\u61f8\u5ff5\u306f\u3069\u3053\u304b\u3089\u6765\u308b\u306e\u304b\uff1f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u696d\u754c\u56e3\u4f53\u306f\u3001\u3044\u304f\u3064\u304b\u306e\u52a0\u76df\u56fd\u304c\u6cd5\u5f8b\u3092\u3069\u306e\u3088\u3046\u306b\u8d77\u8349\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u6182\u616e\u3059\u3079\u304d\u50be\u5411\u3092\u767a\u898b\u3057\u305f\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>MiFID\u306e\u9069\u7528\u9664\u5916\u3092\u72ed\u3081\u308b<\/strong>:\u30c6\u30ad\u30b9\u30c8\u306b\u3088\u3063\u3066\u306fMiFID\u306e\u4e00\u90e8\u306b\u3057\u304b\u8a00\u53ca\u3057\u3066\u304a\u3089\u305a\u3001\u30ab\u30b9\u30c8\u30c7\u30a3\u306e\u3088\u3046\u306a\u91cd\u8981\u306a\u4ed8\u968f\u30b5\u30fc\u30d3\u30b9\u304c\u629c\u3051\u3066\u3044\u308b\u3002.<\/li>\n\n\n\n<li><strong>\u65b0\u682a\u4e88\u7d04\u6a29\u306e\u5236\u9650<\/strong>:\u201c\u5bc6\u63a5\u306b\u95a2\u9023\u3059\u308b \u201d\u3068\u3044\u3046\u89e3\u91c8\u304c\u53b3\u3057\u3059\u304e\u308b\u3068\u3001\u4f01\u696d\u306f\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u304c\u8981\u6c42\u3059\u308b\u30b5\u30fc\u30d3\u30b9\u306e\u8ad6\u7406\u7684\u62e1\u5f35\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u304f\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002.<\/li>\n\n\n\n<li><strong>\u5f31\u3044\u7956\u7236\u6761\u9805<\/strong>:\u4fdd\u8b77\u304c\u5951\u7d04\u306e\u6cd5\u7684\u6709\u52b9\u6027\u3060\u3051\u3092\u30ab\u30d0\u30fc\u3057\u3001\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u306e\u8a8d\u53ef\u3092\u30ab\u30d0\u30fc\u3057\u306a\u3044\u5834\u5408\u3001\u4e0d\u78ba\u5b9f\u6027\u304c\u751f\u3058\u308b\u3002.<\/li>\n\n\n\n<li><strong>\u65e5\u7a0b\u3092\u305a\u3089\u3059<\/strong>:\u3044\u304f\u3064\u304b\u306e\u8349\u6848\u306f\u3001\u30d6\u30e9\u30f3\u30c1\u8981\u4ef6\u306e\u65e9\u671f\u9069\u7528\u3092\u793a\u5506\u3057\u3066\u304a\u308a\u3001\u610f\u56f3\u3057\u305f\u79fb\u884c\u671f\u9593\u3092\u77ed\u7e2e\u3057\u3066\u3044\u308b\u3002.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u8981\u3059\u308b\u306b\u3001\u300c\u91d1\u30e1\u30c3\u30ad\u300d\u3001\u3064\u307e\u308a\u4f59\u5206\u306a\u56fd\u5185\u8981\u4ef6\u3092\u8ffd\u52a0\u3059\u308b\u3053\u3068\u304c\u5fcd\u3073\u5bc4\u308b\u3053\u3068\u3092\u6050\u308c\u3066\u3044\u308b\u306e\u3060\u3002\u3082\u3061\u308d\u3093InvestGlass\u3067\u306f\u3001\u81ea\u52d5\u5316\u306b\u3088\u3063\u3066\u30d7\u30ed\u30bb\u30b9\u3092\u7c21\u5358\u306b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-happens-if-countries-get-it-wrong\">\u5404\u56fd\u304c\u9593\u9055\u3046\u3068\u3069\u3046\u306a\u308b\u304b\uff1f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u79fb\u7c4d\u304c\u3046\u307e\u304f\u3044\u304b\u306a\u3044\u3068\u3001\u73fe\u5b9f\u306e\u4e16\u754c\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u9867\u5ba2\u306f\u30a2\u30af\u30bb\u30b9\u3092\u5931\u3046<\/strong> \u7279\u306b\u89aa\u6a29\u3084\u548c\u89e3\u3068\u3044\u3063\u305f\u5206\u91ce\u3067\u3001\u5f7c\u3089\u304c\u983c\u308a\u306b\u3057\u3066\u3044\u308b\u30b5\u30fc\u30d3\u30b9\u306b\u3002.<\/li>\n\n\n\n<li><strong>\u4f01\u696d\u306f\u30b3\u30b9\u30c8\u5897\u306b\u76f4\u9762<\/strong>, \u305d\u306e\u305f\u3081\u3001\u3055\u307e\u3056\u307e\u306a\u56fd\u306b\u8907\u6570\u306e\u652f\u5e97\u3092\u8a2d\u7acb\u305b\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002.<\/li>\n\n\n\n<li><strong>\u5e02\u5834\u306e\u65ad\u7247<\/strong>, \u5404\u52a0\u76df\u56fd\u304c\u898f\u5236\u306e\u5cf6\u3068\u306a\u308b\u3002.<\/li>\n\n\n\n<li><strong>\u6cd5\u7684\u4e0d\u78ba\u5b9f\u6027\u304c\u9ad8\u307e\u308b<\/strong>, \u4fe1\u983c\u3068\u6295\u8cc7\u3092\u640d\u306a\u3046\u3002.<\/li>\n\n\n\n<li><strong>\u7af6\u4e89\u529b\u3092\u5931\u3046EU<\/strong> \u4ed6\u306e\u91d1\u878d\u30bb\u30f3\u30bf\u30fc\u3068\u6bd4\u3079\u3066\u3082\u3002.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u5358\u4e00\u5e02\u5834\u3067\u3042\u308b\u3079\u304d\u3082\u306e\u304c\u3001\u5384\u4ecb\u306a\u3064\u304e\u306f\u304e\u3060\u3089\u3051\u306b\u306a\u308b\u5371\u967a\u6027\u304c\u3042\u308b\u3002.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-can-transposition-be-done-right\">\u79fb\u7c4d\u3092\u6b63\u3057\u304f\u884c\u3046\u306b\u306f\uff1f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u672c\u7a3f\u3067\u306f\u3001\u3044\u304f\u3064\u304b\u306e\u7c21\u5358\u306a\u89e3\u6c7a\u7b56\u3092\u63d0\u6848\u3057\u3066\u3044\u308b\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>MiFID\u306e\u9069\u7528\u9664\u5916\u306e\u8349\u6848\u3092\u5e45\u5e83\u304f\u4f5c\u6210\u3057\u3001\u4e3b\u8981\u30b5\u30fc\u30d3\u30b9\u3068\u4ed8\u968f\u30b5\u30fc\u30d3\u30b9\u306e\u4e21\u65b9\u3092\u30ab\u30d0\u30fc\u3059\u308b\u3002.<\/li>\n\n\n\n<li>\u5bc6\u63a5\u306b\u95a2\u9023\u3059\u308b\u300d\u30b5\u30fc\u30d3\u30b9\u3092\u624b\u539a\u304f\u5b9a\u7fa9\u3057\u3001\u5f8c\u7d9a\u6a29\u304c\u610f\u56f3\u3057\u305f\u3068\u304a\u308a\u306b\u6a5f\u80fd\u3059\u308b\u3088\u3046\u306b\u3059\u308b\u3002.<\/li>\n\n\n\n<li>\u65e2\u5b58\u306e\u5951\u7d04\u3092\u4fdd\u8b77\u3059\u308b\u305f\u3081\u306b\u3001\u660e\u78ba\u3067\u5f37\u529b\u306a\u7956\u7236\u6761\u9805\uff08grandfathering 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class=\"wp-block-paragraph\">\u696d\u754c\u306e\u7acb\u5834\u306f\u660e\u78ba\u3067\u3042\u308b\u3002\u4e00\u8cab\u6027\u304c\u91cd\u8981\u3067\u3042\u308a\u3001\u6211\u3005\u306f\u81ea\u52d5\u5316\u3082\u91cd\u8981\u3067\u3042\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u3002\u3059\u3079\u3066\u306eEU\u8af8\u56fd\u304c\u7b2c21c\u6761\u306b\u3064\u3044\u3066\u5fae\u5999\u306b\u7570\u306a\u308b\u898b\u89e3\u3092\u793a\u305b\u3070\u3001\u6307\u4ee4\u306e\u76ee\u7684\u5168\u4f53\u304c\u640d\u306a\u308f\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u4f01\u696d\u306b\u3068\u3063\u3066\u3082\u9867\u5ba2\u306b\u3068\u3063\u3066\u3082\u3001\u5f97\u3089\u308c\u308b\u3082\u306e\u306f\u5b89\u5b9a\u3057\u305f\u516c\u6b63\u3067\u7af6\u4e89\u529b\u306e\u3042\u308b\u6b27\u5dde\u5e02\u5834\u3067\u3042\u308b\u3002\u30ea\u30b9\u30af\u306f\u65ad\u7247\u5316\u3067\u3042\u308b\u3002\u4eca\u5f8c12\u30f6\u6708\u9593\u306e\u56fd\u5185\u6cd5\u5236\u5b9a\u304c\u3001\u3069\u3061\u3089\u306e\u9053\u3092\u9078\u3076\u304b\u3092\u6c7a\u3081\u308b\u3060\u308d\u3046\u3002.<\/p>","protected":false},"excerpt":{"rendered":"<p>WARNING : THIS IS NOT A LEGAL ADVICE _ PLEASE CONSULT YOUR LEGAL ADVICE The European Union\u2019s latest banking directive, CRD VI, introduces a new rule known as Article 21c. From January 2027, non-EU banks and investment firms will need to set up a branch in any EU country where they want to provide core banking services such as deposit-taking, lending, or issuing guarantees. There are some exemptions, but the rule is significant: it reshapes how international institutions interact with EU clients. Because this is a Directive, each EU country has to write it into their own law by January 2026. And that\u2019s where the challenges begin. Why Is the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[73],"class_list":["post-48196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","tag-mifid"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6.1 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CRD VI: New Banking Rules for Non-EU Firms | InvestGlass<\/title>\n<meta name=\"description\" content=\"Understand the implications of CRD VI and Article 21c for non-EU banks and investment firms operating in the EU.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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