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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Archive
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
Notices

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  • PIB 3.9 Capital Conservation Buffer

    • PIB 3.9.1

      This section applies to an Authorised FirmG in CategoryG 1, 2 or 5.

      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
      [Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]

    • PIB 3.9.2

      Where, under section PIB 3.3 or PIB 3.4, the Risk Capital RequirementG in PIB section 3.8 applies to an Authorised FirmG , then the firm is subject to a Capital Conservation Buffer Requirement.

      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
      [Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]

    • PIB 3.9.3

      The Capital Conservation Buffer Requirement is equivalent to 2.5% of an Authorised Firm'sG Risk Weighted Assets and must constitute only CET1 Capital.

      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
      [Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]

    • PIB 3.9.4

      (1) An Authorised FirmG must maintain the required buffer amount, calculated in accordance with PIB Rule 3.9.3, at all times.
      (2) The Capital Conservation Buffer RequirementG applies on both a solo and a consolidated basis for Authorised FirmsG forming part of Financial GroupsG .
      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
      [Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]

    • PIB 3.9.5

      An Authorised FirmG must not apply CET1 Capital that it maintains to meet the Capital Conservation Buffer Requirement towards meeting:

      (a) any Individual Capital RequirementG the DFSA may imposed on it pursuant to PIB chapter 10; or
      (b) its Risk Capital RequirementG ;
      (c) its Countercyclical Capital Buffer Requirement; or
      (d) its HLA Capital Buffer Requirement.
      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
      [Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]