IFR 5.4.5

(a) An Authorised Person's Displaced Commercial Risk Capital Requirement is based on 35% of the sum of CRCOM and the Market Risk capital requirement of assets funded by Unrestricted PSIA holders and is calculated using the following formula:
     PSIACOM = PSIACOMcredit + PSIACOMmarket x 35%.
(b) PSIACOM is the Displaced Commercial Risk Capital Requirement;
(c) PSIACOMcredit is the Credit Risk capital requirement for assets funded by Unrestricted PSIA holders and is calculated in accordance with PRU Section 4.8; and
(d) PSIACOMmarket is the Market Risk capital requirement for assets funded by Unrestricted PSIA holders and is calculated in accordance with PRU Chapter 5.
Amended on (3 February, 2020).