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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]
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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 8.3.5 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. Because the Financial Group Capital RequirementG set out in PIB Rule 8.3.3 includes Capital RequirementsG in respect of GroupG entities, Capital ResourcesG may be included in the calculation of Financial Group Capital ResourcesG to the extent of those requirements. Capital that is surplus to those requirements is, however, subject to an additional condition before it may be taken into account for the purposes of Financial GroupG capital adequacy.
2. In general, Capital ResourcesG or Adjusted Capital ResourcesG are considered not to be freely transferable if they are subject to a legal or constructive limitation on their transferability, whether that transfer would be made by dividend, return of capital or other form of distribution. Examples of relevant limitations might include obligations to maintain minimum Capital RequirementsG to meet domestic solvency requirements, or to comply with debt covenants.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]