PIB 4.7.1

(1) This Rule applies only to an Authorised Firm in Category 3A.
(2) Subject to (3) and (4), an Authorised Firm must apply the Simplified Approach as prescribed in PIB section A4.12 in PIB App4.
(3) An Authorised Firm is not required to apply the Simplified Approach if it obtains prior approval of the DFSA not to do so.
(4) After obtaining approval under (3), a firm must not revert to the Simplified Approach without further prior approval from the DFSA.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]