PIB 3.4.2 Guidance

Past version: effective from 09/12/2012 - 31/12/2017
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1. An Authorised Firm should refer to chapters 4, 5 and 6 to determine whether it is required to calculate a Credit Risk Capital Requirement (also referred to in this module as CRCOM), a Market Risk Capital Requirement or an Operational Risk Capital Requirement, respectively.
2. An Authorised Firm will also need to consider the relevant provisions in IFR chapter 5 when calculating its Credit Risk and Market Risk for Islamic Contracts.
3. The DFSA may impose an Individual Capital Requirement (see PIB chapter 10) on an Authorised Firm in circumstances where the Risk Capital Requirement is the higher or highest calculated amount in section PIB 3.3 or PIB 3.4. Such a requirement is additional to the Risk Capital Requirement and is, therefore, a component of the Authorised Firms Capital Requirement.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]