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).