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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
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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 3.13.11



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(d), the amount of defined benefit pension fund assets to be deducted from CET1 Capital must be reduced by the following:

(a) the amount of any associated deferred tax liability which could be extinguished if the assets became impaired or were derecognised under the International Financial Reporting StandardsG ; and
(b) the amount of assets in the defined benefit pension fund which the Authorised FirmG has an unrestricted ability to use where the Authorised FirmG has provided adequate advance notification of its intention to use those assets to the DFSAG . Those assets used to reduce the amount to be deducted must receive a risk weight in accordance with PIB chapter 4 of PIBG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]