Entire Section
PIB 3.9 PIB 3.9 Capital Conservation Buffer
PIB 3.9.1
This section applies to an
Authorised Firm inCategory 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 anAuthorised 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) AnAuthorised Firm must maintain the required buffer amount, calculated in accordance with PIB Rule 3.9.3, at all times.(2) TheCapital Conservation Buffer Requirement applies on both a solo and a consolidated basis forAuthorised Firms forming part ofFinancial 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:(b) its RiskCapital 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]