1. The
DFSA may conduct a
SREP to review and evaluate the assessments carried out by an
Authorised Firm under its
IRAP (relevant to firms in
Categories 1, 2, 3A, 3B, 3C, 3D, 4 and 5) and
ICAAP (relevant to firms in
Categories 1, 2, 3A and 5).
[PIB Section A10.3] of
[PIB App10] contains guidance in relation to a
SREP.
2. The DFSA may engage with a firm in Categories 1, 2, 3A and 5 in a dialogue where, following an SREP, the DFSA considers that it is or may be appropriate to impose an Individual Capital Requirement on the firm.
3. It is important that a firm cooperates in an open and co-operative manner with the DFSA in the course of its conduct of the dialogue.
