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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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
Financial Markets Tribunal

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(3 versions)

RPP 4-11-2

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.

The DFSAG may exercise its powers to suspend registration of a Registered AuditorG or Audit PrincipalG on its own initiative in the following circumstances:

(a) the Registered AuditorG or Audit PrincipalG is in breach of, or has been in breach of, one or more restrictions or conditions applicable to its registration;
(b) the Registered AuditorG or Audit PrincipalG is in breach of, or has been in breach of, the Regulatory Law or the Rules;
(c) the Registered AuditorG or Audit PrincipalG is no longer fit and proper;
(d) the Registered AuditorG has failed for a period of at least 24 consecutive months to provide Audit ServicesG permitted under its registration;
(e) if the Audit PrincipalG becomes a bankrupt, is convicted of a serious criminal offence, has become incapable of managing his affairs or is no longer employed by the Registered AuditorG who appointed him; or
(f) in the case of an Audit PrincipalG , if the registration of their Registered AuditorG is suspended or withdrawn.8

8 Article 98A(2).

Inserted (Made 21st August 2014). August 2014 Edition