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Effective from 2020-11-09 - Nov 08 2020 To view other versions open the versions tab on the right
22.
SAMA may require higher minimum capital ratios for an individual DTFC based on, but not limited to the following criteria, if:
i.
a DTFC has losses resulting in a capital deficiency;
ii.
a DTFC has significant exposure to risk;
iii.
a DTFC has a high, or particularly severe, volume of poor asset quality;
iv.
a DTFC is growing rapidly without adequate capitalization and risk management system among other resource needs as may be determined by SAMA; or
v.
there is a likelihood a DTFC may be adversely affected by the activities or conditions of its holding company (where DTFC is wholly owned by another institution).
