PRU 3.19.7

Past version: effective from 20/02/2020 - 19/02/2020
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For the purpose of Rule 3.19.3(b), where an Authorised Person intends to distribute any of its distributable profits or intends to undertake an action referred to in Rule 3.19.3(b)(i) or (ii), the Authorised Person must notify the Regulator and provide the following information:

(a) the amount of capital maintained by the Authorised Person, subdivided as follows:
(i) CET1 Capital;
(ii) AT1 Capital; and
(iii) T2 Capital;
(b) the amount of its interim and year-end profits;
(c) the maximum distributable amount calculated in accordance with Rule 3.19.6; and
(d) the amount of distributable profits it intends to allocate between the following:
(i) dividend payments;
(ii) Share buybacks;
(iii) payments on AT1 Capital instruments; and
(iv) the payment of variable remuneration or discretionary pension benefits, whether by creation of a new obligation to pay, or by payment pursuant to an obligation to pay created at a time when the institution failed to meet its Combined Buffer Requirement.