PIB 3.6.2

The table below sets out the Base Capital Requirement for each Category of an Authorised Firm.

Category Base Capital Requirement
Category 1 US $10 million
Category 2 US $2 million
Category 3A

US $500,000

Category 3B

US $4 million

Except if the only Financial Service referred to in PIB Rule 1.3.4 is Operating an Employee Money Purchase Scheme or Acting as the Administrator of an Employee Money Purchase Scheme, in which case the Base Capital Requirement is:
(a) US $500,000 for an Operator; or
(b) US $1 million for an Administrator.
Category 3C

US $500,000

Except if the only Financial Service referred to in PIB Rule 1.3.5(a) that the Authorised Firm is authorised to carry on is Managing a Collective Investment Fund in which case its Base Capital Requirement is:
(a) US $140,000 if it manages any Public Fund; or
(b) US $70,000 otherwise.
Category 3D

US $200,000

Category 4

US $ 10,000

Except if the Authorised Firm:
(a) is authorised to Operate a Crowdfunding Platform and it holds Client Assets;
(b) provides Money Transmission; or
(c) is authorised to Operate an Alternative Trading System and it holds Client Assets,
in which case its Base Capital Requirement is US $140,000.
Category 5 US $10 million
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RM188/2016 (Made 7th December 2016). [VER26/02-17]
[Amended] DSFA RM203/2017 (Made 14th June 2017). [VER28/08-17]
[Amended] DFSA RMI263/2019 (Made 18th December 2019). [VER35/01-20]
[Amended] DFSA RMI270/2020 (Made 26th February 2020). [VER36/04-20]
[Amended] DFSA RMI304/2021 (Made 30th June 2021). [VER39/09-21]
[Amended] DFSA RMI312/2021 (Made 30th June 2021). [VER40/10-21]