Article 356 Ancillary commodities businessX1

at any time of the year it holds own funds for this risk which are not lower than the average own funds requirement for that risk estimated on a conservative basis for the coming year;

it estimates on a conservative basis the expected volatility for the figure calculated under point (a);

its average own funds requirement for this risk does not exceed 5 % of its own funds or EUR 1 million and, taking into account the volatility estimated in accordance with (b), the expected peak own funds requirements do not exceed 6,5 % of its own funds;

the institution monitors on an ongoing basis whether the estimates carried out under points (a) and (b) still reflect the reality.