Methods for measuring the AUM in case of discretionary portfolio management
Article 3
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: (a) the calculation shall include the value of financial instruments calculated at fair value in accordance with the applicable accounting standards; (b) financial instruments with a negative fair value shall be included in absolute value; (c) the calculation shall include cash except any amounts covered under CMH in accordance with Article 4 of this Regulation.