IBANK 3.4.6 Modification of calculation
(1) The Regulatory Authority may, by written notice, modify the calculation of an Islamic banking business firm's total exposure measure by, for example:
(a) allowing the firm not to take account of a particular exposure or class of exposures;
(b) directing the firm to apply a different risk-weight to an exposure or class of exposures;
(c) directing the firm to take account of an exposure or class of exposures that would not otherwise be taken account of.
(2) The Authority may give a notice under subrule (1) on the application of the firm or on the Authority's own initiative.
|Inserted by QFCRA RM/2019-7 (as from 1st January 2020).|