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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER34/12-19]
PIB 3 Capital
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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(2 versions)
Dec 9 2012 - Dec 31 2017Jan 1 2018 onwards

PIB 3.9C.5

Whole Section PDF

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) In this section, a reference to a "maximum distributable amount" means the maximum amount that an Authorised FirmG may distribute in connection with CET1 Capital as specified in PIB Rules 3.9C.2 and 3.9C.3.
(2) Subject to (3), an Authorised FirmG must determine the maximum distributable amount by multiplying the sum specified in (a) by the factor determined under (b):
(a) the total of interim or year-end profits that were not included in CET1 Capital pursuant to PIB Rule 3.13.2 and which have accrued after the most recent distribution of profits and after any of the actions referred to in PIB Rule 3.9C.2(b);
(b) where the CET1 Capital of the Authorised FirmG (which is not used to meet the Capital Requirement), expressed as a percentage of the firm's RWA, is:
(i) within the first quartile (0%-25%) of its Capital Buffer, the factor is 0;
(ii) within the second quartile (25%-50%) of its Capital Buffer, the factor is 0.2;
(iii) within the third quartile (50%-75%) of its Capital Buffer, the factor is 0.4; and
(iv) within the fourth quartile (75%-100%) of its Capital Buffer, the factor is 0.6.
(3) If an Authorised FirmG undertakes any action under PIB Rule 3.9C.2(b), it must take that into account and reduce the maximum distributable amount accordingly.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]