+Article 11 1.

Article 11 1.

Investment firms shall at all times have own funds in accordance with Article 9 which amount to at least D, where D is defined as the highest of the following:

(a) 

their fixed overheads requirement calculated in accordance with Article 13;

(b) 

their permanent minimum capital requirement in accordance with Article 14; or

(c) 

their K‐factor requirement calculated in accordance with Article 15.

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards