Past version: effective from 09/12/2012 - 31/12/2017
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(1) Following assessment, the
DFSA will approve the capital conservation plan only if it considers that the plan, if implemented, would be reasonably likely to conserve or raise sufficient capital to enable the Authorised Firm to meet its Capital Requirement and the Capital Conservation Buffer requirement, within a period that the DFSA considers appropriate.
(2) If the
DFSA does not approve the capital conservation plan, the DFSA may require the Authorised Firm to increase its CET1 Capital to meet the Capital Requirement and the Capital Conservation Buffer requirement, within a specified period of time.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]