• IFR 5.4.15 IFR 5.4.15

    An Authorised Person Managing a PSIA, which is an Unrestricted PSIA, must not have an Exposure to a Counterparty, Connected Counterparty, group of Closely Related Counterparties or to a group of Connected Counterparties that exceeds any one of the following percentages of its Capital Resources:

    (a) 25% if financed by its Capital Resources or Unrestricted PSIAs; or
    (b) 40% if financed by an aggregate of its own Capital Resources and Unrestricted PSIAs.
    Amended on (3 February, 2020).

    • Guidance

      In accordance with PRU Rule 4.15.5, the aggregate of an Authorised Person's Exposure to a Counterparty or to a group of Closely Related Counterparties may not exceed 25% of the Authorised Person's Capital Resources.