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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
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DFSA Codes of Practice
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Dec 9 2012 - Dec 31 2017Jan 1 2018 onwards

PIB 3.2.7

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The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) This RuleG applies to an Authorised FirmG in CategoryG 1, 2, 3A or 5.
(2) Subject to PIB Rule 3.6.3 and (3), an Authorised FirmG must at all times maintain the following components of capital:
(a) where the Risk Capital RequirementG forms part of the Capital Requirement of the firm under section PIB 3.3 or PIB 3.4:
(i) CET1 Capital equating to at least 6.0% of the firm's Risk Weighted Assets; and
(ii) T1 Capital equating to at least 8.0% of the firm's Risk Weighted Assets; or
(b) where the Expenditure Based Capital MinimumG forms the Capital RequirementG of the firm under PIB section 3.4:
(i) CET1 Capital equating to at least 60% of the firm's Expenditure Based Capital MinimumG ; and
(ii) T1 Capital equating to at least 80% of the firm's Expenditure Based Capital MinimumG .
(3) The CET1 Capital used to meet the requirement in (2)(a) must not also be used as a component of a Capital BufferG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]