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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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  • Withdrawal of Licence

    24. Without limiting any other grounds on which it may act, the DFSA may take action to withdraw a restricted Licence at any time if the Fintech operator:
    (a) is no longer fit and proper to hold a Licence;
    (b) has breached any restrictions or conditions imposed on the Licence;
    (c) has breached the Law or any Rules;
    (d) is not carrying on testing under the Licence as set out in its Test Plan; or
    (e) has completed its testing but has not promptly taken steps either to apply to remove the restrictions or to withdraw its Licence.
    Derived from DFSA GMI11/2017 (Made 24th May 2017) [VER39/05-17]