IFR 5.4.15 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). Guidance
In accordance with PRU Rule 4.15.5, the aggregate of an Authorised Person's Exposure to a Counterparty or to a group of Closely Related Counterparties may not exceed 25% of the Authorised Person's Capital Resources.