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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
PIB 3 Capital
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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 3.14.8



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) For the purposes of PIB Rule 3.14.4(c), an Authorised FirmG must calculate the applicable amount to be deducted by multiplying the amount referred to in (a) by the factor derived from the calculation referred to in (b):
(a) the amount referred to in PIB Rule 3.13.16(1)(a);
(b) the amount of direct and indirect holdings by the Authorised FirmG of the AT1 Capital instruments of Relevant EntitiesG divided by the aggregate amount of all direct and indirect holdings by the Authorised FirmG of the CET1, AT1 and T2 Capital instruments of those Relevant EntitiesG .
(2) An Authorised FirmG must exclude UnderwritinG g positions held for 5 working days or fewer from the amount referred to in PIB Rule 3.13.16(1)(a) and from the calculation of the factor referred to in (1)(b).
(3) An Authorised FirmG must determine the portion of holdings of AT1 Capital instruments that is to be deducted pursuant to (1) by dividing the amount specified in (a) by the amount specified in (b):
(a) the amount of holdings required to be deducted pursuant to (1)(a);
(b) the aggregate amount of direct and indirect holdings by the Authorised FirmG of all the capital instruments of Relevant EntitiesG in which the Authorised FirmG does not have a significant investment.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]