PIB 9.3.6
(1) The
DFSA may by written notice to an
Authorised Firm in relation to the LCR Requirement applying to it:
(a) adjust the LCR Requirement or NSFR Requirement;
(b) adjust requirements under section
PIB A9.2 of App9 for calculating
the Authorised Firm's stock of HQLA or the Total Net Cash Outflows
, or under section PIB A9.4 of App9 for calculating its ASF or RSF;
(c) alter the calculation methodologies or parameters for the purposes of the LCR Requirement or NSFR Requirement;
(d) disapply the LCR Requirement or NSFR Requirement; or
(e) impose additional requirements based on the DFSA's assessment of the Liquidity Risk exposure of that Authorised Firm.
(2) If the DFSA amends a requirement under (1)(a), (b), (c) or (e), the Authorised Firm must comply with the requirement as amended. If the DFSA disapplies a requirement under (1)(d), the Authorised Firm need not comply with that requirement.
(3) The procedures in
Schedule 3 to the
Regulatory Law apply to a decision of the
DFSA under (1)(a),(b),(c) or (e).
(4) If the DFSA decides to exercise its power under (1)(a),(b),(c) or (e), the Authorised Firm may refer the matter to the FMT for review.
