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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 Firm in any Category.

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

      • PIB 3.6.1 Guidance

        The Base Capital Requirement is a component of the calculation of the Capital Requirement 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 Requirement for each Category of an Authorised Firm.

      Category Base Capital Requirement
      Category 1 US $10 million
      Category 2 US $2 million
      Category 3A

      US $500,000

      Category 3B US $4 million
      Category 3C

      US $500,000

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

      US $ 10,000

      Except if the Authorised Firm is authorised to Operate a Crowdfunding Platform and it holds Client Assets, in which case its Base Capital Requirement is US $140,000.
      Category 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 Firm must have Common Equity Tier 1 Capital (CET1 Capital), as defined in PIB section 3.13, of not less than its relevant Base Capital Requirement at the time that it obtains authorisation and at all times thereafter.

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