PIB A4.3.17
(1) An Authorised Firm must apply for approval from the DFSA if it intends to use own-estimate haircuts.
(2) An Authorised Firm must not use own-estimate haircuts unless it has received approval to adopt the internal models approach to calculate the Market Risk Capital Requirement .
(3) The DFSA may grant approval for an Authorised Firm to use own-estimate haircuts subject to such conditions or restrictions as the DFSA may impose.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]