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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
PIB 3 Capital
PIB 3 Part 4 — Calculating Capital Resources
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

Whole SectionText only Print Print Manager Link

(1 version)
Dec 9 2012 onwards

PIB 3.13.5

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.

An Authorised FirmG must, in the calculation of CET1 Capital, exclude the following:

(a) any increase in its equity under the International Financial Reporting StandardsG ; including:
(i) where such an increase is associated with future margin income that results in a gain on sale for the Authorised FirmG ; and
(ii) where the Authorised FirmG is the OriginatorG of a securitisation, net gains that arise from the capitalisation of future income from the securitised assets that provide Credit EnhancementG to positions in the securitisation;
(b) the amount of cash flow hedge reserve related to gains or losses on cash flow hedges of financial instruments that are not valued at fair value, including projected cash flows; and
(c) all unrealised gains or losses on liabilities of the Authorised FirmG that are valued at fair value, and which result from changes in the Authorised Firm'sG own credit quality, except when such gains or losses are offset by a change in the fair value of another financial instrument which is measured at fair value and resulting from changes in the Authorised Firm'sG own credit quality.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]