Entire Section

  • PIB 3.3 PIB 3.3 Capital Requirements for Categories 1 and 5

    • PIB 3.3.1

      This section applies to an Authorised Firm in Category 1 or 5.

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

    • PIB 3.3.2 PIB 3.3.2

      (1) The Capital Requirement for an Authorised Firm is calculated, subject to (2), as the higher of:
      (a) the applicable Base Capital Requirement; or
      (b) its Risk Capital Requirement plus applicable Capital Buffer Requirements.
      (2) Where the Authorised Firm has an ICR imposed on it then the Capital Requirement is its ICR plus Risk Capital Requirement plus applicable Capital Buffer Requirements.
      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
      [Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]

      • PIB 3.3.2 Guidance

        1. An Authorised Firm should refer to chapters PIB 4, PIB 5 and PIB 6 to determine whether it is required to calculate a Credit Risk Capital Requirement (also referred to in this module as CRCOM), a Market Risk Capital Requirement or an Operational Risk Capital Requirement, respectively.
        2. The Displaced Commercial Risk Capital Requirement will only apply to an Authorised Firm Managing a PSIAu.
        3. An Authorised Firm will also need to consider the relevant provisions in IFR chapter 5 when calculating its Credit Risk and Market Risk for Islamic Contracts.
        4. If an Individual Capital Requirement is imposed on an Authorised Firm under PIB Chapter 10, such a requirement is additional to the Risk Capital Requirement and is, therefore, a component of the Authorised Firms Capital Requirement.
        Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
        [Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]