PIB 3.3.2

Past version: effective from 09/12/2012 - 31/12/2017
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(1) The Capital Requirement for an Authorised Firm is calculated, subject to (2), as the higher of:
(a) the applicable Base Capital Requirement as set out in PIB section 3.6; or
(b) its Risk Capital Requirement as set out in PIB section 3.8.
(2) Where 1(b) is the higher and the Authorised Firm has an ICR imposed on it then the Capital Requirement is its ICR plus Risk Capital Requirement.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]