K-ASA calculator
Assets safeguarded and administered at 0.04% — the highest of the client-asset coefficients, on a daily window rather than a monthly one. And unlike K-AUM, delegation does not move the requirement in either direction: whoever safeguards, both parties count it.
IFR Art. 19 measurement · Art. 15(2) coefficient 0.04% · 9 months less 3 · nothing stored
Calculate K-ASA
Runs in your browser · nothing uploadedEnter the rolling average of total daily assets safeguarded and administered. Under Article 19 that average runs at the end of each business day over the previous nine months, excluding the three most recent, leaving six months of daily values.
Assets safeguarded and administered
Article 19 · end of each business day, six months of valuesDaily values, six months of them, recalculated monthly. Pillar 1 Capital maintains the series for every K-factor and shows which limb binds — with free capital monitoring to start.
Create free account →Not the same shape as K-AUM
The two client-asset factors look similar and behave differently in three ways.
End of each business day
ASA is measured daily over nine months, excluding the three most recent, leaving six months of daily values. AUM is monthly over fifteen months, leaving twelve. A daily series is far more sensitive to short spikes.
Delegation does not shift it
Where safeguarding is formally delegated — in either direction — the assets are included in ASA. That is the opposite of K-AUM, where delegating in removes the assets from your figure.
0.04% against 0.02%
ASA carries double the AUM coefficient. A firm that both manages and safeguards the same assets is capitalising them under two factors at different rates.
Rules reviewed 21 August 2026 · IFR (EU) 2019/2033 Art. 15(2), 16 and 19
What this calculator does
It doesApply the coefficient
- Applies the 0.04% Article 15(2) coefficient.
- Converts a period total into a daily average where you do not have one.
- Shows the working so the average and the weighting are separately visible.
- States the Article 19 window and calculation point alongside the figure.
- Flags the delegation treatment, which runs opposite to K-AUM.
It does notBuild the series
- Construct the nine-month daily series or apply the three-month exclusion.
- Determine which assets are safeguarded and administered.
- Capture delegated arrangements on either side.
- Handle firms with less than nine months of history.
- Produce anything you can file.
Working the K-factors in order?
K-AUM runs on a monthly window at half the coefficient, and its delegation rule works the other way round.
Nothing you type here leaves your browser
The calculation runs entirely in your own browser. No figure you enter is sent to REGREP, written to a log, saved, or passed to any analytics tool.
About K-ASA
What period does ASA cover?
Article 19 takes the rolling average of the value of total daily assets safeguarded and administered, measured at the end of each business day for the previous nine months, excluding the three most recent months. ASA is the arithmetic mean of the daily values from the remaining six months, and K-ASA is calculated on the first business day of each month.
What is the coefficient?
0.04% under Article 15(2) — twice the K-AUM coefficient of 0.02%.
How does delegation work?
In both directions the assets are included. Where an investment firm has formally delegated the tasks of safeguarding and administration to another financial entity, or where another financial entity has formally delegated such tasks to the investment firm, those assets are included in the total amount of ASA. This is the opposite of the K-AUM treatment, where assets delegated to you are excluded.
Can the same assets attract both K-AUM and K-ASA?
Yes. A firm that manages assets under discretionary portfolio management and also safeguards them will capture them under both factors, at 0.02% and 0.04% respectively. The two K-factors address different risks and are not alternatives.
What if we have been safeguarding assets for less than nine months?
Use historical data for the period as soon as it becomes available, on the same basis as the other client-asset K-factors.
Do you store the figures I enter?
No. Everything is calculated in your browser and discarded when you close or reload the page.
Daily values do not average themselves.
Create a free account and let the windows, exclusions and coefficients be maintained across every K-factor.
No card required · free capital monitoring · nothing stored from this calculator