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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]
PIB 3 Capital
PIB 3 Part 4 — Calculating Capital Resources
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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  • CET1 Deductions Relating to Significant Investment in a Relevant Entity

    • PIB 3.13.13

      For the purposes of PIB Rule 3.13.7(g) and (h), an investment by an Authorised FirmG in a Relevant Entity must be considered as a significant investment if it meets any of the following conditions:

      (a) the Authorised FirmG owns more than 10% of the CET1 Capital instruments issued by that entity;
      (b) the Authorised FirmG has Close LinksG with that entity and owns CET1 Capital instruments issued by that entity; and
      (c) the Authorised FirmG owns CET1 Capital instruments issued by that entity and the entity is not included in consolidation pursuant to PIB chapter 8 but is included in the same accounting consolidation as the Authorised FirmG for the purposes of financial reporting under the International Financial Reporting StandardsG .
      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]