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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
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 3.13.19



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) In making the deductions required pursuant to PIB Rule 3.13.7(c) and (h), an Authorised FirmG must not deduct the items listed in (a) and (b), where in aggregate they are equal to or less than 15% of CET1 Capital:
(a) deferred tax assets that are dependent on future profitability and arise from temporary differences, and in aggregate are equal to or less than 10% of the CET1 items of the Authorised FirmG calculated after applying the following:
(i) adjustments referred in Rules PIB 3.13.5 and PIB 3.13.6; and
(ii) deductions referred to in (a) to (g) and (i) to (j) of PIB Rule 3.13.7, excluding deferred tax assets that rely on future profitability and arise from temporary differences.
(b) where an Authorised FirmG has a significant investment in a Relevant EntityG , the direct and indirect holdings of that Authorised FirmG of the CET1 Capital instruments of those entities that in aggregate are equal to or less than 10% of the CET1 items of the Authorised FirmG calculated after applying the following:
(i) adjustments referred in Rules PIB 3.13.5 and PIB 3.13.6; and
(ii) deductions referred to in (a) to (h) and (i) to (j) of PIB Rule 3.13.7 excluding deferred tax assets that rely on future profitability and arise from temporary differences.
(2) Items that are not deducted pursuant to (1) must be risk weighted at 200% and subject to the requirements of PIB chapter 4, as applicable.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]