(1) Where a payment institution is directed by the Bank to calculate its own funds requirement in accordance with this Regulation, that payment institution's own funds requirement shall be calculated as follows:
OFR = MF * K
where -
OFR is the own funds requirement,
MF is the multiplication factor calculated in accordance with paragraph (3),
K is the scaling factor described in Regulation 15.
(a) The relevant indicator is the sum of the following in respect of the payment institution concerned:
(i) interest income;
(ii) interest expenses;
(iii) commissions and fees received;
(iv) other operating income.
(b) In calculating the relevant indicator -
(i) an amount paid to the payment institution concerned shall be given a positive value,
(ii) an amount paid by the payment institution concerned shall be given a negative value,
(iii) income from extraordinary or irregular items shall not be used, and
(iv) business estimates for the amounts referred to in subparagraph (a) may be used to c
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