Question ID
2022_6383
Legal act
Regulation (EU) No 2019/2033 (IFR)
Topic
K-factor requirements
Article
4
Paragraph
33
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Not applicable
Article/Paragraph
4
Type of submitter
Competent authority
Subject matter
Interpretation of K-DTF
Question

1. Are those transactions executed on behalf of the clients in its own name, as per DTF definition, to be included under K-COH? 

2. Furthermore, are transactions pertaining to assets included in K-AUM to be excluded from K-DTF?

 

 

Background on the question

1. We have been receiving a series of queries from investment firms requiring further clarification on whether K-DTF captures all the transactions either carried out on its own name and own behalf, as well as those on its own name on behalf of the clients.

2. Another query is whether transactions pertaining to assets included in K-AUM calculation should be excluded from K-DTF.

 

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because it is considered that EBA guidance or clarification is not needed with regard to the issue that it raises as the existing regulatory framework is sufficiently clear and unambiguous.

The Single Rule Book Q&A tool has been established to provide explanations and non-binding interpretations on questions relating to the practical application or implementation of the provisions of legislative acts referred to in Article 1(2) of the EBA’s founding Regulation, as well as associated delegated and implementing acts, and guidelines and recommendations, adopted under these legislative acts.

For further information on the purpose of this tool and on how to submit questions, please see “Additional background and guidance for asking questions”.

Status
Rejected question