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This article presents a new relation between the basic representation of split real simply-laced affine Kac-Moody algebras and finite dimensional representations of its maximal compact subalgebra k. We provide infinitely many k-subrepresentations of the basic representation and we prove that these are all the finite dimensional k-subrepresentations of the basic representation such that the quotient of the basic representation by the subrepresentation is a finite dimensional representation of a certain parabolic algebra and of the maximal compact subalgebra. By this result we provide an infinite composition series with a cosocle filtration of the basic representation. Finally, we present examples of the results and applications to supergravity.
Benedikt König (Wed,) studied this question.