PIB A5.8.1

(1) An 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.
(2) An 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]