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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

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  Versions
(2 versions)
 
Dec 23 2012 - Aug 20 2014Aug 21 2014 onwards

RPP 4-7-1



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.

The DFSA may exercise its powers under Article 50(1) on its own initiative to withdraw an authorisation under, or an endorsement on, a LicenceG to carry on one or more Financial ServicesG where:

(a) the Authorised PersonG is or has been in breach of one or more restrictions or conditions applicable to its LicenceG or relating to a LicenseG endorsement;
(b) the Authorised PersonG is in breach of the Regulatory Law, Rules or other legislation administered by the DFSA;
(c) the Authorised PersonG is no longer fit and proper to carry on a Financial ServiceG for which it has an authorisation or an activity for which it has a LicenceG endorsement;
(d) the Authorised PersonG has failed for a period of at least twelve consecutive months to carry on one or more Financial ServicesG for which it is authorised under a LicenceG or an activity for which it has a Licence EndorsementG ; or
(e) the DFSAG considers that the exercise of the power is necessary or desirable in the pursuit of its objectives.
Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
Amended (Made 21st August 2014). August 2014 Edition