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40. Delegation of Functions and Powers to Other Regulators



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(1) Without limiting in any way the generality of any other provisions of the Law, the DFSA may delegate functions and powers to a representative of:
(a) a Financial Services Regulator;
(b) a governmental or regulatory authority in the State or elsewhere exercising powers and performing functions relating to anti-money laundering, counter-terrorist financing or sanctions compliance; or
(c) a civil or criminal law enforcement agency of the State;
for the purpose of exercising the powers of the DFSA under Chapters 1 and 2 of Part 5.
(2) The DFSA may delegate a function or power under this Article only if it considers that there are adequate arrangements in place to ensure that the delegated function or power will be exercised in a manner that is consistent with Chapters 1 and 2 of Part 5 and the objectives of the DFSA.