Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Regulatory Law
Rulebook Modules
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(3 versions)
 

51. Withdrawing a Licence



Whole Section PDF

To view past versions of this module in PDF format, please visit the Archive.

(1) The DFSA may withdraw a Licence of an Authorised Person where:
(a) as a consequence of withdrawal of authorisation in relation to one or more Financial Services under Article 50, the person is no longer authorised to carry on any Financial Service;
(b) the person is no longer fit and proper to hold a Licence;
(c) the person has failed either to remove a controller or to take such other action as required by the DFSA under Article 64; or
(d) the person asks the DFSA to withdraw the Licence.
(2) The procedures in Schedule 3 apply to a decision of the DFSA under this Article.
(3) If the DFSA decides to exercise its power under this Article, the Authorised Person may refer the matter to the FMT for review.