MiFID III / IFR Investment Firm Impact Assessor

Assess capital requirements under IFR/IFD and the impact of proposed MiFID III reforms on your investment firm. Calculates K-factor own funds requirements for Class 2 firms (K-AUM + K-COH + K-ASA per IFR Art. 15-22) and maps reform area exposure across best execution, research unbundling, sustainability, retail investment strategy, and market structure.

IFR (EU) 2019/2033 IFD 2019/2034 MiFID III Proposed K-Factor Calculator Policy Mandate Export Zero PII

Scope & reliance — 🔒 All inputs are processed locally in your browser. No data is transmitted. Do not enter real personal data — use synthetic or anonymised inputs only. K-factor coefficients are statutory rates from IFR Art. 15-22 (June 2026). MiFID III proposals are based on consultation texts and may change before adoption. Verify against current primary sources before relying on any output for regulatory or capital planning decisions. Deterministic logic · no inference · zero PII · CC BY 4.0.

Firm Classification Inputs

IFR Firm Class (self-assessed) IFR Art. 10-12: Class 1 applies CRR; Class 3 (SNI) requires fixed overhead req. only

Assets Under Management (€bn) K-AUM: 0.02% of AUM (IFR Art. 17). Class 2 threshold: €1.2bn–€30bn

Client Orders Handled — Cash (€bn/year) K-COH cash orders: 0.1% (IFR Art. 20). Includes equity, bonds, exchange-traded derivatives

Client Orders Handled — Non-Cash (€bn/year) K-COH non-cash (OTC derivatives notional): 0.01% (IFR Art. 20)

Assets Safeguarded & Administered (€bn) K-ASA: 0.04% of safeguarded/administered assets (IFR Art. 19)

Fixed Overhead Requirement (€m) 25% of prior year fixed overheads (IFR Art. 13). Minimum capital floor alongside K-factor

Investment Services Offered

Portfolio Management (MiFID Annex I, Sect. A.4) Investment Advice (MiFID Annex I, Sect. A.5) Dealing on Own Account / Execution of Orders (Sect. A.2–3) Underwriting / Placing of Financial Instruments (Sect. A.6–7) Investment Research / Financial Analysis

Retail Exposure & ESG Profile

Retail Client Share (%)

SFDR Products Offered

Firm Classification & Prudential Regime

K-Factor Capital Requirement (IFR Art. 15–22)

MiFID III Reform Areas — Impact Assessment by Service

Assessment Memo