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PIB 3.9A.8

(1) If the DFSA considers that the CCyB Rate in a jurisdiction outside the State is not sufficient to protect Authorised Firms from the risks of excessive credit growth in that jurisdiction, it may, for credit exposures in that jurisdiction:
(a) specify a CCyB Rate even though no rate is imposed by the CCyB Authority for that jurisdiction; or
(b) specify a CCyB Rate that is higher than the rate imposed by the CCyB Authority for that jurisdiction.
(2) If the DFSA specifies a rate under this Rule, then that rate applies for Non- Financial Private Sector Credit Exposures in the jurisdiction.
(3) The DFSA may vary or cancel a specified rate under this Rule.
(4) The DFSA must notify affected Authorised Firms if it specifies a rate, or if it varies or cancels a rate, under this Rule.
Derived from DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]