The rule in plain words
Fixed overhead requirement cannot be less than 0.25 times annual fixed overheads of the previous year after distribution of profits.
All the values are in the amount column (0010) of I 03.01.
The template it checks
Fixed overheads requirement calculation (Class 3 IF) (I 03.01)
Rows
- 0010Fixed overhead requirement
- 0020Annual fixed overheads of the previous year after distribution of profits
Column
- 0010Amount
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EBA's formula. Cells are written as {template, row, column, sheet}.
{I_03.01,r0010,c0010,} >= {I_03.01,r0020,c0010,} * 0.25Other rules on I 03.01
- Liquidity requirement cannot be less than fixed overhead requirement times 1 divided by 3 (v11141_m)Warning
- Fixed expenses incurred on behalf of the investment firms by third parties cannot be more than total expenses of the previous year after distribution of profits (v11145_m)Warning
- Amount cannot be more than zero (v11198_s)Warning
- Amount cannot be negative (v10999_s)Warning
Every IFR class 3 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.