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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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General Module (GEN) [VER44/07-19]
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(1 version)
May 24 2017 onwards

Restrictions and conditions

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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.

18. If the DFSA grants a LicenceG to the Fintech Operator, it is likely to impose appropriate restrictions including, for example, restricting:
(a) the business that may be carried on under the LicenceG to testing the specific Fintech product or service;
(b) the number and type of customers that may take part in the testing; and
(c) the period during which it may carry on testing.
19. The DFSA is also likely to impose conditions on the LicenceG , for example, requiring the Fintech Operator:
(a) to comply with its Test Plan;
(b) to disclose in any communications that it is only authorised by the DFSA to test its product or service; and
(c) within a reasonable period after the test period ends, either to demonstrate it can comply fully with all regulatory requirements or to cease carrying on its activities.
Derived from DFSA GMI11/2017 (Made 24th May 2017) [VER39/05-17]