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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Sourcebook Modules
Regulatory Policy and Process Sourcebook (RPP) February 2017 Edition
RPP 4 Supervisory and Enforcement Powers
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
(1 version)
 
Dec 23 2012 onwards

RPP 4-6-2



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.

In determining whether to exercise its Article 49 power, the DFSA will take into account the circumstances including, but not limited to, the following:

(a) where the Authorised Person'sG resources (including financial resources as well as human resources) are inadequate for the scale or type of activity which the firm is licensed to undertake;
(b) where the Authorised PersonG has not conducted its business in compliance with the Laws and Rules;
(c) where the Authorised PersonG has conducted its business in such a way that it has not ensured full compliance with applicable money laundering and counter terrorism legislation; or
(d) where the DFSA has some concern about the fitness and propriety of the Authorised PersonG , but not such as to warrant the withdrawal of its LicenceG .
Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition