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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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  • Financial group capital requirement

    • PIN 8.3.4

      (1) An InsurerG must calculate its Financial Group Capital RequirementG as the sum of the entity requirements calculated in accordance with (2) and (3);
      (2) Entity requirements for this purpose are:
      (a) an Authorised Firm'sG Capital RequirementG or Minimum Capital RequirementG calculated in accordance with the requirements of whichever of the PIB or PIN Module applies to that Authorised FirmG ;
      (b) in the case of regulated entities supervised by a regulator other than the DFSAG , then, with the written agreement of the DFSAG , the capital requirement of that entity; and
      (c) for other entities in the Financial GroupG , a notional capital requirement calculated as directed by the DFSAG .
      (3) Where an Authorised Firm'sG Financial GroupG includes an entity under (c) of the definition of Financial GroupG in the GLO Module, that Financial Institution'sG capital requirement is included on a proportionate basis.
      [Added] RM46/2007 (Made 5th July 2007). [VER6/07-07]