W 153/09 PIB — Punjab National Bank Limited
WAIVER AND MODIFICATION NOTICE
|To||Punjab National Bank Limited|
DIFC, Liberty House, Office 206
P.O. Box 506844
|DFSA Firm Reference No.||F001087|
THE DFSA HEREBY GIVES NOTICE THAT:
As a consequence of waiving the Rules below, Table 2 in PIB Chapter 1 is to be construed accordingly.
|PIB Chapter 1 (General Requirements)||All the Rules in PIB section 1.4 (Trading Book)|
|PIB Chapter 2 (Capital)||All the Rules in PIB Chapter 2|
|PIB Chapter 4 (Credit Risk)||All the Rules in sections PIB 4.3 to PIB 4.10 inclusive|
|PIB Chapter 5 (Market Risk)||All the Rules in sections PIB 5.3 to PIB 5.9 inclusive|
|PIB Chapter 7 (Group Risk)||All the Rules in sections PIB 7.3 and PIB 7.4|
The Rules specified in the left hand column are modified to the extent shown in the right hand column of the table below. In this table, underlining indicates new text and striking through indicates deleted text, otherwise the Rule remains unaltered. Where a significant number of the paragraphs of the Rule remain un-altered the entire Rule may not be reproduced in the table. In such circumstances the un-altered parts of the Rule will be referred to by the relevant identifying paragraph number or letter, as the case may be.
|PIB Rule 1.2.1||
An Authorised Firm must:
This notice waiving and modifying prudential Rules remains in effect for the duration or the period set out below on condition that the above named Person to whom this notice applies:
If any one or more of the conditions stated above is breached, this notice ceases to have effect forthwith and the Rules specified in Table A and Table B herein apply to the above mentioned Person as set out in the applicable module of the Rulebook in force at the relevant time.
This notice comes into effect on the date of issue of this notice and remains in force until further notice.
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
THIS NOTICE WAS ISSUED UNDER ARTICLE 25 OF THE REGULATORY LAW 2004 BY:
|Name :||Michael Zamorski|
|Position :||Managing Director, Supervision|
|DATE OF ISSUE:||6 December 2009|