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PIB 3.9C.8

Where an Authorised Firm fails to meet a Capital Buffer Requirement, it must prepare a capital conservation plan and submit it to the DFSA no later than 5 business days after it identified its failure to meet Capital Buffer Requirement. The capital conservation plan must include the following:

(a) estimates of income and expenditure and a forecast balance sheet;
(b) measures to increase the Capital Resources of the Authorised Firm;
(c) a plan and timeframe for the increase of own funds with the objective of restoring the Capital Buffer; and
(d) any other information the DFSA might need in order effectively to carry out its considerations referred to in PIB Rule 3.9C.9.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]