The rule in plain words
Revenue from reception and transmission of orders cannot be more than combined total annual gross revenue.
All the values are in the amount column (0010) of I 05.00.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Of which: revenue from reception and transmission of orders <= Combined total annual gross revenue
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Compare the values in your file. If the first is bigger than it may be, one of them is wrong: check both before you change either.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark I 05.00 as reported.
- 05This is a warning. It does not stop the filing on its own, but your authority may ask you to explain it.
The cells it reads
Level of activity - thresholds review (I 05.00)
Rows
- 0110Combined total annual gross revenue
- 0140Of which: revenue from reception and transmission of orders
Column
- 0010Amount
A worked example
The first of its checks, with simple numbers.
Combined total annual gross revenue must then be at least 1,200.
A file that reports 1,200 passes. One that reports 1,100 fails, by 100.
The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{I_05.00,r0140,c0010,} <= {I_05.00,r0110,c0010,}Other rules on I 05.00
- Revenue from execution of orders cannot be more than combined total annual gross revenue (v11147_m)Warning
- Revenue from dealing on own account cannot be more than combined total annual gross revenue (v11148_m)Warning
- Revenue from portfolio management cannot be more than combined total annual gross revenue (v11149_m)Warning
- Revenue from investment advice cannot be more than combined total annual gross revenue (v11150_m)Warning
- Revenue from underwriting of financial instruments or placing on a firm commitment basis cannot be more than combined total annual gross revenue (v11151_m)Warning
- Revenue from placing without a firm commitment basis cannot be more than combined total annual gross revenue (v11152_m)Warning
- Revenue from operation of an MTF cannot be more than combined total annual gross revenue (v11153_m)Warning
- Revenue from operation of an OTF cannot be more than combined total annual gross revenue (v11154_m)Warning
Every IFR class 2 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.