PIB A5.3.8

An Authorised Firm must not calculate an Equity Risk Capital Requirement for a Trading Book position in:

(a) material holdings deducted under PIB chapter 3 for the purposes of calculating an Authorised Firm'sCapital Resources;
(b) the interest rate leg of an equity swap, equity future or forward, or equity based option; or
(c) a non-Convertible preference security.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]