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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]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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  • PIB 3 Part 1 — Application

    • PIB 3.1 Application

      • PIB 3.1.1

        The parts, sections and RulesG in this chapter apply to an Authorised FirmG as stated in those provisions.

        Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]

        • PIB 3.1.1 Guidance

          1. PIB 3 Part 2 of this chapter imposes a number of basic requirements, including the core requirement that the amount of a firm's Capital ResourcesG must at all times exceed the amount of its Capital RequirementG .
          2. In particular, note that:
          a. PIB Part 3 (Calculating Capital RequirementsG ) applies to all firms, but with differentiated calculations for Capital RequirementsG for the various CategoriesG of Authorised FirmsG as prescribed in sections PIB 3.3, PIB 3.4 and PIB 3.5;
          b. Within PIB 3 Part 3, an exemption from the calculation of Tier 2 (T2) Capital in relation to firms authorised to Manage a PSIAuG is prescribed in PIB Rule 3.15.9; and
          c. PIB 3 Part 4 (Calculating Capital ResourcesG ) applies to all firms, but in a differentiated manner for different CategoriesG of firms as demonstrated in the table in PIB section 3.11.
          Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]