IFR 5.4.15

Past version: effective from 21/10/2015 - 02/02/2020
To view other versions open the versions tab on the right

An Authorised Person Managing a PSIA, which is an Unrestricted PSIA, must not have an Exposure to a Counterparty or to a 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.