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PIB 3.5.2

Past version: effective from 09/12/2012 - 31/03/2020
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The Capital Requirement for such an Authorised Firm is calculated as the higher of:

(a) the applicable Base Capital Requirement as set out in PIB section 3.6; or
(b) the Expenditure Based Capital Minimum as set out in PIB section 3.7.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]