EBA is consulting, until 30 September, on draft regulatory technical standards (RTS) on own funds for investment firms with limited authorisation, such as fund managers. The RTS detail the method for calculating fixed overheads, as investment firms with limited authorisation will be required by the Capital Requirements Regulation to hold capital amounting to at least one-quarter of fixed overheads. A fixed lump sum for each tied agent must also be included in the calculation. (Source: Consultation on RTS on Own Funds for Investment Firms Based on Fixed Overheads)