PIB 3.9 PIB 3.9 Capital Conservation Buffer
This section applies to an
Authorised Firmin Category1, 2 or 5.
The Capital Conservation Buffer Requirement is equivalent to 2.5% of an
Authorised Firm'sRisk Weighted Assets and must constitute only CET1 Capital.
PIB 3.9.4(1) An
Authorised Firmmust maintain the required buffer amount, calculated in accordance with PIB Rule 3.9.3, at all times.(2) The Capital Conservation Buffer Requirementapplies on both a solo and a consolidated basis for Authorised Firmsforming part of Financial Groups.
Authorised Firmmust not apply CET1 Capital that it maintains to meet the Capital Conservation Buffer Requirement towards meeting:(a) any Individual Capital Requirementthe DFSA may imposed on it pursuant to PIB chapter 10; or(b) its Risk Capital Requirement;(c) its Countercyclical Capital Buffer Requirement; or(d) its HLA Capital Buffer Requirement.