Entire Section

  • PIB 9.1 PIB 9.1 Application

    • PIB 9.1.1 PIB 9.1.1

      (1) This chapter applies to an Authorised Firm in Category 1, 2 or 5. (2) Only PIB Rule 9.2.2(3) applies to an Authorised Firm in Category 2.
      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]

      • PIB 9.1.1 Guidance

        In accordance with Rules PIB 3.2.2 or PIB 3.2.4, an Authorised Firm is required to ensure that there is no significant risk that liabilities cannot be met as they fall due. With specific reference to liquidity, an Authorised Firm may meet its obligations in a number of ways, including:

        a. by holding sufficient immediately available cash or unencumbered readily marketable assets; and
        b. by securing an appropriate matching future profile of cashflows.
        Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
        [Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]