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Jul 5 2012 - Aug 20 2014Aug 21 2014 onwards

68. Orders in the interests of the DIFC



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(1) The Court, on the application of the DFSA, may make one or more of the following orders in relation to a person, irrespective of whether a contravention of this Law or the Rules made for the purposes of this Law has occurred, if it is satisfied that it is in the interest of the DIFC to make such an order:
(a) an order restricting any conduct on such conditions or terms as the Court thinks fit;
(b) an order that trading in any Investments cease permanently or for such period as is specified in the order;
(c) an order that any exemptions contained in the Law or the Rules do not apply permanently or for such period as is specified in the order;
(d) an order that a person submit to a review by the DFSA of his practices and procedures and institute such changes as may be directed by the DFSA;
(e) an order in relation to activities relating to a Takeover Offer within the DIFC;
(f) an order that a disclosure be made to the market;
(g) an order that a person resign one or more positions that the person holds as a director or officer of a company;
(h) an order that a person is prohibited from becoming or acting as a director or officer of any company;
(i) an order that a person is prohibited from making offers of Securities in or from the DIFC;
(j) an order that a person is prohibited from being involved in Reporting Entities, Listed Funds or Securities within the DIFC;
(k) an order requiring a person to disgorge to the DFSA any amounts obtained as a result of the non-compliance with the Law or the Rules;
(l) an order that a release, report, Prospectus, return, financial statement or any other document described in the order:
(i) be provided by a person described in the order,
(ii) not be provided by a person described in the order; or
(iii) be amended by a person to the extent that amendment is practicable;
(m) any order that the Court thinks fit, in order to maintain the integrity of the DIFC and ensure an efficient, honest, fair and transparent market; or
(n) an order that a person must comply with a condition of a written notice referred to in Article 9(2) in a specified way.
(2) The Court, on the application of the DFSA, may make interim and ex parte orders specified in Article 68(1) (a), (b), (c), (d), (e), (f), (l) and (m).
(3) An order under Article 68(1) and (2) may be subject to such terms and conditions as the Court may impose.