This chapter details the threshold conditions for the mandatory maintenance of a Trading Book, periodic prudential reporting requirements to the DFSA, and guidance on prudent valuation practices.
[PIB Appendix 2] includes detailed Rules on the positions to be included in the Trading Book, the valuation of such positions, prudent valuation practices and associated issues related to the identification and treatment of Trading Book positions. [PIB Appendix 2] also specifies the DFSA's expectations with regard to the need for a documented Trading Book policy and risk management systems and controls for the Trading Book. [PIB Appendix 2] also presents in a tabular fashion, detailed specifications on periodic prudential reporting requirements for different categories of Authorised Firms.
Derived from RM111/2012
(Made 15th October 2012). [VER20/12-12]