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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
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • RPP 4-10 Power to Restrict Individuals

    • RPP 4-10-1

      Under Article 59(1), if the DFSAG reasonably believes that a natural person is not fit and proper to perform any functions in connection with the provision of Financial ServicesG , it may restrict that PersonG from performing any or all such functions.

      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
      Amended (Made 21st August 2014). August 2014 Edition

    • RPP 4-10-2

      Article 59 enables the DFSAG to impose a restriction in respect of all functions or in respect of specific functions. The restriction may also apply to functions whether or not they are Licensed FunctionsG . Whether a general restriction, or a more specific restriction, is imposed by the DFSAG may depend on the facts of the matter, including:

      (a) the concerns upon which the DFSAG determines that a natural person is not fit and proper to perform any functions; and
      (b) the need to protect the integrity of the DIFCG and ensure the confidence of participants in the market.
      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
      Amended (Made 21st August 2014). August 2014 Edition

    • RPP 4-10-3

      In determining whether to exercise its power under Article 59(1), the DFSAG may have regard to all relevant matters including, but not limited to, the criteria for assessing the fitness and propriety of Authorised IndividualsG as set out in chapter 7 of GEN, for Key IndividualsG the criteria set out in chapter 3 of AMI and section 2-3 of this Sourcebook.

      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
      Amended (Made 21st August 2014). August 2014 Edition