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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
Media Releases
Notices
Financial Markets Tribunal
Archive

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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 3.15.4



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 T2 Capital:

(a) direct and indirect holdings by an Authorised FirmG of own T2 Capital instruments, including own T2 instruments that an Authorised FirmG could be obliged to purchase as a result of existing contractual obligations;
(b) holdings of the T2 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 of direct and indirect holdings by the Authorised FirmG of the T2 Capital instruments of Relevant EntitiesG where the Authorised FirmG does not have a significant investment in those entities; and
(d) direct and indirect holdings by the Authorised FirmG of the T2 Capital instruments of Relevant EntitiesG where the Authorised FirmG has a significant investment in those entities, excluding UnderwritingG positions held for fewer than 5 working days.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]