Entire Section

  • PIB 3.9 PIB 3.9 Capital Conservation Buffer

    • PIB 3.9.1

      This section applies to an Authorised Firm in Category 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 Requirement in PIB section 3.8 applies to an Authorised Firm, 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's 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 Firm must maintain the required buffer amount, calculated in accordance with PIB Rule 3.9.3, at all times.
      (2) The Capital Conservation Buffer Requirement applies on both a solo and a consolidated basis for Authorised Firms forming part of Financial Groups.
      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 Firm must not apply CET1 Capital that it maintains to meet the Capital Conservation Buffer Requirement towards meeting:

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