Dubai Financial Services Authority

Location: Dubai Financial Services Authority (DFSA) > Sourcebook Modules > Regulatory Policy and Process Sourcebook (RPP) February 2017 Edition > RPP 6 Penalty Guidance

RPP Appendix 1 — The Enforcement Process

RPP 6-1 DFSA's Approach to Imposing a Penalty

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(2 versions)

Dec 23 2012 - Aug 20 2014

Aug 21 2014 onwards

RPP 6 Penalty Guidance

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Contents:

RPP 6-1 DFSA's Approach to Imposing a Penalty

RPP 6-1-1

RPP 6-1-2

RPP 6-1-3

RPP 6-2 Deciding to Take Action

RPP 6-2-1

Actions against Key Persons

RPP 6-2-3 [Deleted]

RPP 6-3 Financial Penalty or Public Censure

RPP 6-4 Determining the Appropriate Level of Financial Penalty

RPP 6-5 Financial Penalties Imposed on a Firm

Step 1: Disgorgement

Step 2: The seriousness of the contravention

Step 3: Mitigating and aggravating factors

Step 4: Adjustment for deterrence

Step 5: Settlement discount

[Deleted]

RPP 6-6 Financial Penalties Imposed on an Individual

Step 1: Disgorgement

Step 2: The seriousness of the contravention

Step 3: Mitigating and aggravating factors

Step 4: Adjustment for deterrence

Step 5: Settlement discount

RPP 6-7 Serious Financial Hardship

Withdrawal of authorisation or registration

RPP 6-8 Discount for Early Settlement

RPP 6-8-1

RPP 6-8-2