Versions

 

PIB 9.3.6

Past version: effective from 01/01/2015 - 31/12/2017
To view other versions open the versions tab on the right

(1) The DFSA may by written notice to an Authorised Firm in relation to the LCR Requirement applying to it:
(a) adjust the LCR Requirement;
(b) adjust requirements under section PIB A9.2 of App9 for calculating its stock of HQLA or the Total Net Cash Outflows;
(c) alter the calculation methodologies or parameters for the purposes of the LCR Requirement;
(d) disapply the LCR Requirement; or
(e) impose additional requirements based on its assessment of the Liquidity Risk exposure of that Authorised Firm.
(2) If the DFSA amends a requirement under (1)(a), (b), (c) or (e), the Authorised Firm must comply with the requirement as amended. If the DFSA disapplies a requirement under (1)(d), the Authorised Firm need not comply with that requirement.
(3) The procedures in Schedule 3 to the Regulatory Law apply to a decision of the DFSA under (1)(a),(b),(c) or (e).
(4) If the DFSA decides to exercise its power under (1)(a),(b),(c) or (e), the Authorised Firm may refer the matter to the FMT for review.
[Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]