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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]
PIB 3 Capital
PIB 3 Part 4 — Calculating Capital Resources
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
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Notices
Financial Markets Tribunal
Archive

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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 3.13.12



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.

For the purposes of PIB Rule 3.13.7(e), an Authorised FirmG must calculate holdings of its own CET1 Capital instruments on the basis of gross long positions subject to the following exceptions:

(a) an Authorised FirmG must calculate the amount of holdings of own CET1 Capital instruments in the Trading BookG on the basis of the net long position, provided the long and short positions are in the same underlying ExposureG and the short positions involve no CounterpartyG Credit RiskG ;
(b) an Authorised FirmG must determine the amount to be deducted for indirect holdings in the Trading BookG that take the form of holdings of index SecuritiesG by calculating the underlying ExposureG to own CET1 Capital instruments included in the indices; and
(c) an Authorised FirmG must net gross long positions in own CET1 Capital instruments in its Trading BookG resulting from holdings of index SecuritiesG against short positions in own CET1 Capital instruments resulting from short positions in the underlying indices, including where those short positions involve CounterpartyG Credit RiskG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]