Authorised Firm which calculates its Securities Underwriting Risk Capital Requirement in accordance with PIB Rule 5.10.7(b) must apply the Rules in this section.
Authorised Firm which underwrites or sub-underwrites an issue of Securities must, for the purposes of calculating its Market Risk Capital Requirement:
(a) identify commitments to underwrite or sub-underwrite which give rise to an underwriting position;
(b) identify the time of initial commitment; and
(c) calculate the net
Underwriting position, reduced net Underwriting position or the net Underwriting Exposure.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]