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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

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(1 version)
Dec 9 2012 onwards

PIB A6.2.1

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 which uses the Standardised ApproachG :

(a) must calculate its Operational RiskG Capital RequirementG equal to the average annual gross income over the previous three years for each of the business lines in PIB Rule A6.2.3 multiplied by the fixed percentage (denoted beta) in PIB Rule A6.2.3;
(b) subject to (c), may in any given year offset negative a Capital RequirementG (resulting from negative gross income) in any business line against positive capital charges in other business lines without limit; and
(c) must input to the numerator a value of zero if the aggregate Operational RiskG Capital RequirementG across all business lines within a given year is negative.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]