PIB 10.5 Guidance

Past version: effective from 09/12/2012 - 31/03/2020
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1. The DFSA may conduct a SREP to review and evaluate the assessments carried out by an Authorised Firm under its IRAP (relevant to firms in Categories 1, 2, 3A, 3B, 3C and 5) and ICAAP (relevant to firms in Categories 1, 2, 3A and 5). PIB Section A10.3 of PIB App10 contains guidance in relation to a SREP.
2. The DFSA may engage with a firm in Categories 1, 2, 3A and 5 in a dialogue where, following an SREP, the DFSA considers that it is or may be appropriate to impose an Individual Capital Requirement on the firm.
3. It is important that a firm cooperates in an open and co-operative manner with the DFSA in the course of its conduct of the dialogue.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]