PIB 10.5 Guidance

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, 3D, 4 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]
[Added] DFSA RMI270/2020 (Made 26th February 2020). [VER36/04-20]