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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]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • PIB 3.6 Base Capital Requirement

    • PIB 3.6.1

      This section applies to an Authorised FirmG in any CategoryG .

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

      • PIB 3.6.1 Guidance

        The Base Capital RequirementG is a component of the calculation of the Capital RequirementG under sections PIB 3.3, PIB 3.4 and PIB 3.5.

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

    • PIB 3.6.2

      The table below sets out the Base Capital RequirementG for each CategoryG of an Authorised FirmG .

      CategoryG Base Capital RequirementG
      CategoryG 1 US $10 million
      CategoryG 2 US $2 million
      CategoryG 3A

      US $500,000

      CategoryG 3B US $4 million
      CategoryG 3C

      US $500,000

      Except if the only Financial ServiceG referred to in PIB Rule 1.3.5(a) that the Authorised FirmG is authorised to carry on is Managing a Collective Investment FundG in which case its Base Capital RequirementG is:
      (a) US $140,000 if it manages any Public FundG ; or
      (b) US $70,000 otherwise
      CategoryG 4

      US $ 10,000

      Except if the Authorised FirmG is authorised to Operate a Crowdfunding PlatformG and it holds Client AssetsG , in which case its Base Capital RequirementG is US $140,000.
      CategoryG 5 US $10 million
      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
      [Amended] DFSA RM188/2016 (Made 7th December 2016). [VER26/02-17]
      [Amended] DSFA RM203/2017 (Made 14th June 2017). [VER28/08-17]

    • PIB 3.6.3

      An Authorised FirmG must have Common Equity Tier 1 Capital (CET1 Capital), as defined in PIB section 3.13, of not less than its relevant Base Capital RequirementG at the time that it obtains authorisation and at all times thereafter.

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