Entire Section

  • REP 4.2.3 REP 4.2.3

    A Representative Office must ensure, as far as reasonably practical, that its Employees are fit and proper.

    Derived from DFSA RM68/2009 (Made January 3rd 2010). [VER1/01-10]

    • REP 4.2.3 Guidance

      1. Section 2.3 of the RPP Sourcebook sets out matters which the DFSA takes into consideration when making an assessment of the kind under Rule 4.2.3.
      2. Where a Representative Office is no longer fit and proper or where its Principal Representative is no longer fit and proper, it will be in breach of the relevant Rule and the DFSA may take steps to withdraw its Licence. Section 2.3 of the RPP Sourcebook sets out matters which the DFSA takes into consideration when assessing fitness and propriety of a Principal Representative.
      Derived from DFSA RM68/2009 (Made January 3rd 2010). [VER1/01-10]
      Amended in accordance with Notice of Amendments to Legislation April 2011 [VER3/02-11]