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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER34/12-19]
PIB 4 Credit Risk
PIB 4 Part 3 — CRDOM
PIB 4.14 Securitisation
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

Whole SectionText only Print Print Manager Link

(1 version)
Dec 9 2012 onwards

PIB 4.14.16

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.

If an OriginatorG fails to comply with PIB Rule 4.14.15 in respect of a securitisation, it:

(a) must include all the underlying ExposuresG of the securitisation in its calculation of Credit RWAsG as if those ExposuresG had not been Securitised and were on the balance sheet of the Authorised FirmG ;
(b) must not recognise any gain-on-sale of assets to the securitisation; and,
(c) must disclose to investors that the Authorised FirmG has provided non contractual support and the regulatory capital impact of doing so.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]