PIB 3.2.7

(1) This Rule applies to an Authorised Firm in Category 1, 2, 3A or 5.
(2) Subject to PIB Rule 3.6.3 and (3), an Authorised Firm must at all times maintain the following components of capital:
(a) where the Risk Capital Requirement forms part of the Capital Requirement of the firm under section PIB 3.3 or PIB 3.4:
(i) CET1 Capital equating to at least 6.0% of the firm's Risk Weighted Assets; and
(ii) T1 Capital equating to at least 8.0% of the firm's Risk Weighted Assets; or
(b) where the Expenditure Based Capital Minimum forms the Capital Requirement of the firm under PIB section 3.4:
(i) CET1 Capital equating to at least 60% of the firm's Expenditure Based Capital Minimum; and
(ii) T1 Capital equating to at least 80% of the firm's Expenditure Based Capital Minimum.
(3) The CET1 Capital used to meet the requirement in (2)(a) must not also be used as a component of a Capital Buffer.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]