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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

(1 version)
Dec 9 2012 onwards

PIB 5.6.2

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.

An Authorised FirmG need not calculate a Foreign Exchange Risk Capital RequirementG if:

(a) its Foreign CurrencyG business, defined as the greater of the sum of its gross long positions and the sum of its gross short positions in all Foreign CurrenciesG , does not exceed 100% of Capital ResourcesG as defined in PIB chapter 3; and
(b) its overall net open position as defined in PIB Rule A5.4.4 does not exceed 2% of its Capital ResourcesG as defined in PIB chapter 3.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]