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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]
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

(2 versions)
Oct 15 2012 - Dec 31 2017Jan 1 2018 onwards

PIB 3 Guidance

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. This chapter deals with all aspects of prudential requirements relating to capital adequacy. The chapter aims to ensure that an Authorised FirmG maintains adequate capital to support the risks associated with its activities and that it can absorb potential unexpected losses to its capital. It also includes provisions forming part of the framework for assessing the capital adequacy of an Authorised FirmG .
2. PIB 3 Part 1 of this chapter deals with the application provisions. PIB 3 Part 2 outlines the fundamental capital adequacy obligations and systems and controls requirements to ensure compliance with this critical regulatory obligation. PIB 3 Part 3 includes all the RulesG and associated guidance for the calculation of minimum Capital RequirementG for different CategoriesG of Authorised FirmsG . This part also specifies the requirements in respect of Capital BuffersG and associated obligations. It specifies three types of Capital Buffers: the Capital Conservation Buffer, the Countercyclical Capital Buffer and the HLA Capital Buffer. PIB 3 Part 4 of this chapter specifies detailed RulesG on the calculation of Capital ResourcesG of an Authorised FirmG , including detailed RulesG on the eligibility criteria for different components of Capital ResourcesG which correspond to varying levels of quality.
3. PIB Appendix 3 provides detailed guidance on various aspects of stress and scenario testing which are required to be considered by an Authorised FirmG to effectively comply with the RulesG in this chapter.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]