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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
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
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Financial Markets Tribunal
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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 3.14.4



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.

Subject to the following RulesG in this section, an Authorised FirmG must deduct the following from the calculation of its AT1 Capital:

(a) direct and indirect holdings by an Authorised FirmG of own AT1 Capital instruments including instruments under which an Authorised FirmG is under an actual or contingent obligation to effect a purchase by virtue of an existing contractual obligation;
(b) holdings of the AT1 Capital instruments of Relevant EntitiesG where those entities have a reciprocal cross holding with the Authorised FirmG which have the effect of artificially inflating the Capital ResourcesG of the Authorised FirmG ;
(c) the amount determined in accordance with PIB Rule 3.14.8 of direct and indirect holdings by the Authorised FirmG of the AT1 Capital instruments of Relevant EntitiesG where the Authorised FirmG does not have a significant investment in those entities ;
(d) direct and indirect holdings by the Authorised FirmG of the AT1 Capital instruments of Relevant EntitiesG where the Authorised FirmG has a significant investment in those entities, excluding UnderwritingG positions held for 5 working days or fewer; and
(e) the amounts required to be deducted from T2 Capital pursuant to PIB Rule 3.15.4 that exceed the T2 Capital of the Authorised FirmG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]