PIB 4.7.2
(1) This Rule applies only to an Authorised Firm in Category 2.
(2) Subject to (3) and (4), an Authorised Firm may apply the Simplified Approach , as prescribed in PIB section A4.12 in PIB App4, upon obtaining prior approval to do so from the DFSA .
(3) After obtaining approval under (2), a firm must not disapply the Simplified Approach without further prior approval from the DFSA .
(4) The DFSA may revoke its approval under (2) and require a firm to disapply the Simplified Approach , where the DFSA considers that this is warranted by the firm's business model and risk profile.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]