Article 15 K-factor requirement and applicable coefficients

Version status: Applicable | Document consolidation status: Updated to reflect all known changes

Version date: 26 June 2021 - onwards

1. For the purposes of point (c) of Article 11(1), the K-factor requirement shall amount to at least the sum of the following:

(a) Risk-to-Client (RtC) K-factors calculated in accordance with Chapter 2;

(b) Risk-to-Market (RtM) K-factors calculated in accordance with Chapter 3;

2. The following coefficients shall apply to the corresponding K-factors:

Table 1

K-FACTORS		COEFFICIENT
Assets under management under both discretionary portfolio management and non-discretionary advisory arrangements of an ongoing nature	K-AUM	0,02 %
Client money held	K-CMH (on segregated accounts) K-CMH (on non-segregated accounts)	0,4 % 0,5 %
Assets safeguarded and administered	K-ASA	0,04 %
Client orders handled	K-COH cash trades	0,1 %

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