Article 3
Methods for measuring the AUM in case of discretionary portfolio management
For the purposes of Article 17 of Regulation (EU) 2019/2033, the measurement of total monthly AUM shall be made in accordance with all of the following:
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(a) |
the calculation shall include the value of financial instruments calculated at fair value in accordance with the applicable accounting standards; |
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(b) |
financial instruments with a negative fair value shall be included in absolute value; |
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(c) |
the calculation shall include cash except any amounts covered under CMH in accordance with Article 4 of this Regulation. |