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Dubai Financial Services Authority (DFSA): Contents

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GEN 4.1.3 Guidance



Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

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

1. The Principles for Authorised FirmsG have the status of RulesG and are a general statement of fundamental regulatory requirements which apply alongside the other RulesG and also in new or unforeseen situations which may not be covered elsewhere by a specific RuleG . RulesG in other areas of the RulebookG build upon these fundamental principles. Consequently the RulesG and GuidanceG elsewhere in the RulebookG should not be seen as exhausting the implications of the Principles.
2. Breaching a Principle for Authorised FirmsG makes an Authorised FirmG liable to disciplinary action, and may indicate that it is no longer fit and proper to carry on a Financial ServiceG or to hold a LicenceG and the DFSAG may consider withdrawing authorisation or the LicenceG on that basis.
3. The onus will be on the DFSAG to show that the Authorised FirmG has been at fault in some way, taking into account the standard of conduct required under the Principle in question.

Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]