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4.27. Regulatory adjustments
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LEGAL ENTITIES LEGISLATION
FINANCIAL SERVICES LEGISLATION
REGULATIONS
RULES
GENERAL RULES
CONDUCT OF BUSINESS RULES
ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING AND SANCTIONS RULES
COLLECTIVE INVESTMENT SCHEME RULES
AUTHORISED MARKET INSTITUTION RULES
MARKET RULES
RECOGNITION RULES
DEMATERIALISED INVESTMENT RULES
RULES FOR PRE-IPO LISTINGS
SOVEREIGN BONDS RULES
BANKING BUSINESS PRUDENTIAL RULES
PRUDENTIAL RULES FOR INVESTMENT FIRMS
PRUDENTIAL RULES FOR INSURANCE INTERMEDIARIES
INSURANCE AND REINSURANCE PRUDENTIAL RULES
ISLAMIC BANKING BUSINESS PRUDENTIAL RULES
1. GENERAL
2. PRINCIPLES RELATING TO AN ISLAMIC BANK
3. PRUDENTIAL REPORTING REQUIREMENTS
4. CAPITAL ADEQUACY
4.1. General
4.2. Application to branches
4.3. Governing Body’s responsibilities
4.4. Systems and controls
4.5. Internal Capital Adequacy Assessment Process (ICAAP)
4.6. Initial and ongoing Capital requirements
4.7. Base Capital requirement
4.8. Required Tier 1 Capital on authorisation
4.9. Required ongoing Capital
4.10. Risk Capital requirement
4.11. Capital adequacy ratios
4.12. Elements of regulatory Capital
4.13. Common Equity Tier 1 Capital
4.14. Criteria for classification as common shares
4.15. Additional Tier 1 Capital
4.16. Criteria for inclusion in Additional Tier 1 Capital
4.17. Tier 2 Capital
4.18. Criteria for inclusion in Tier 2 Capital
4.19. Mudarabah sukuk or wakalah sukuk as Tier 2 Capital
4.20. Requirements—loss absorption at point of non-viability
4.21. Requirements for writing-off
4.22. Inclusion of third parties’ interests
4.23. Criteria for third party interests—Common Equity Tier 1 Capital
4.24. Criteria for third party interests—Additional Tier 1 Capital
4.25. Criteria for third party interests—Tier 2 Capital
4.26. Treatment of third party interests from SPVs
4.27. Regulatory adjustments
4.28. Approaches to valuation and adjustment
4.29. Definitions
4.30. Adjustments to Common Equity Tier 1 Capital
4.31. Goodwill and intangible assets
4.32. Deferred tax assets
4.33. Cash flow hedge reserve
4.34. Cumulative gains and losses from changes to own credit risk
4.35. Defined benefit pension fund assets
4.36. Securitisation gains on sale
4.37. Assets lodged or pledged to secure liabilities
4.38. Acknowledgments of debt
4.39. Accumulated losses
4.40. Deductions from categories of Regulatory Capital
4.41. Investments in own shares and Capital instruments
4.42. Reciprocal cross holdings
4.43. Non-significant investments—aggregate is less than 10% of firm’s Common Equity Tier 1 Capital
4.44. Non-significant investments—aggregate is 10% or more of firm’s Common Equity Tier 1 Capital
4.45. Significant investments
4.46. Deductions from Common Equity Tier 1 Capital
5. CAPITAL BUFFERS AND OTHER REQUIREMENTS
6. CREDIT RISK
7. CONCENTRATION RISK AND LARGE EXPOSURES
8. MARKET RISK
9. OPERATIONAL RISK
10. LIQUIDITY RISK
11. GROUP RISK
12. TREATMENT OF SUKUK
13. TREATMENT OF PSIAS AND ASSOCIATED RISKS
14. SUPERVISORY REVIEW AND EVALUATION PROCESS
15. PUBLIC DISCLOSURE REQUIREMENTS
APPENDIX 1: LIQUIDITY RISK
APPENDIX 2: GROUP RISK
APPENDIX 3: SUPERVISORY REVIEW AND EVALUATION PROCESS
APPENDIX 4: PUBLIC DISCLOSURES REQUIREMENTS
14. GLOSSARY
ISLAMIC FINANCE RULES
TAKAFUL AND RETAKAFUL PRUDENTIAL RULES
REPRESENTATIVE OFFICE RULES
AIFC AUDITOR RULES
AIFC Financial Technology Rules
COOPERATION AND EXCHANGE OF INFORMATION RULES
TERMS AND PROCEDURE FOR CURRENCY TRANSACTIONS
FINANCIAL SERVICES EXEMPT FROM CORPORATE TAX
GLOSSARY
FEES RULES
RULES ON CURRENCY REGULATION AND PROVISION OF INFORMATION ON CURRENCY TRANSACTIONS IN THE AIFC
RULES ON THE SUBSTANTIAL PRESENCE OF THE AIFC PARTICIPANTS APPLYING TAX EXEMPTIONS FOR THE PAYMENT OF CIT, VAT
MULTILATERAL AND ORGANISED TRADING FACILITIES RULES
AIFC RECOVERY AND RESOLUTION RULES
AIFC RULES ON DIGITAL ASSET ACTIVITIES
RULES AND MECHANISMS OF COOPERATION OF UNBACKED DIGITAL ASSET EXCHANGES AND/OR CENTRE PARTICIPANTS AUTHORIZED TO CARRY OUT DIGITAL ASSETS-RELATED ACTIVITIES WITH SECOND-TIER BANK OF THE REPUBLIC OF KAZAKHSTAN
POLICIES AND POLICY STATEMENTS
NOTICES
GUIDANCE
TEMPLATE
CONSULTATION PAPERS
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4.26. Treatment of third party interests from SPVs
4.28. Approaches to valuation and adjustment