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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.6

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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.

For the purpose of PIB Rule 3.9C.2(b), where an Authorised FirmG intends to distribute any of its distributable profits or intends to undertake an action referred to in PIB Rule 3.9C.2(b)(i) to (iii), the Authorised FirmG must notify the DFSAG and provide the following information:

(a) the amount of capital maintained by the Authorised FirmG , subdivided as follows:
(i) CET1 Capital,
(ii) AT1 Capital, and
(iii) T2 Capital;
(b) the amount of its interim and year-end profits;
(c) the maximum distributable amount calculated in accordance with this section; and
(d) the amount of distributable profits it intends to allocate between the following:
(i) dividend payments,
(ii) share buybacks,
(iii) payments on AT1 Capital instruments, and
(iv) the payment of variable remuneration or discretionary pension benefits, whether by creation of a new obligation to pay, or by payment pursuant to an obligation to pay created at a time when the institution failed to meet a Capital Buffer RequirementG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]