PIB 3.9C.6

For the purpose of PIB Rule 3.9C.2(b), where an Authorised Firm intends to distribute any of its distributable profits or intends to undertake an action referred to in PIB Rule 3.9C.2(b)(i) to (iii), the Authorised Firm must notify the DFSA and provide the following information:

(a) the amount of capital maintained by the Authorised Firm, subdivided as follows:
(i) CET1 Capital,
(ii) AT1 Capital, and
(iii) T2 Capital;
(b) the amount of its interim and year-end profits;
(c) the maximum distributable amount calculated in accordance with this section; and
(d) the amount of distributable profits it intends to allocate between the following:
(i) dividend payments,
(ii) share buybacks,
(iii) payments on AT1 Capital instruments, and
(iv) the payment of variable remuneration or discretionary pension benefits, whether by creation of a new obligation to pay, or by payment pursuant to an obligation to pay created at a time when the institution failed to meet a Capital Buffer Requirement.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]