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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
RPP 4-8 Power to Impose Conditions and Restrictions on the Status of an Authorised Individual or Key Individual
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • RPP 4-8 Power to Impose Conditions and Restrictions on the Status of an Authorised Individual or Key Individual

    • RPP 4-8-1

      Under Article 56, the DFSAG may at any time by a written notice to an Authorised IndividualG or Key IndividualG and the Authorised FirmG or Authorised Market InstitutionG in relation to which the Authorised IndividualG or Key IndividualG , respectively, is an officer, employee or agent:

      (a) impose conditions and restrictions, or additional conditions and restrictions, on the grant of Authorised IndividualG or Key IndividualG status; and
      (b) vary or withdraw conditions and restrictions imposed on the grant of such status.
      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
      Amended (Made 21st August 2014). August 2014 Edition

    • RPP 4-8-2

      The DFSAG may exercise this power in circumstances including, but not limited to, the following:

      (a) where the Authorised IndividualG or Key IndividualG has not acted effectively or responsibly or has not exercised the expected level of skill, care and diligence in carrying out the Licensed FunctionG ;
      (b) where the conduct of the Authorised IndividualG or Key IndividualG falls below the standards expected; or
      (c) where the DFSAG has some concern about the fitness and propriety of the Authorised IndividualG or Key IndividualG , but not such as to warrant the suspension or withdrawal of an Authorised IndividualG or Key Individual'sG status.
      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
      Amended (Made 21st August 2014). August 2014 Edition