PIB 3.4.2

(1) The Capital Requirement for an Authorised Firm is calculated, subject to (2), as the highest of:
(a) the applicable Base Capital Requirement;
(b) the Expenditure Based Capital Minimum; or
(c) its Risk Capital Requirementplus applicable Capital Buffer Requirements.
(2) Where the Authorised Firm has an ICR imposed on it then the Capital Requirement is its ICR plus Risk Capital Requirement plus applicable Capital Buffer Requirements.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]