Entire Section

  • GEN 11.4 GEN 11.4 Withdrawal of a Licence at an Authorised Firm's request

    • GEN 11.4.1 GEN 11.4.1

      An Authorised Firm other than a Representative Office seeking to have its Licence withdrawn must submit a request in writing stating:

      (a) the reasons for the request;
      (b) that it has ceased or will cease to carry on Financial Services in or from the DIFC;
      (c) the date on which it ceased or will cease to carry on Financial Services in or from the DIFC;
      (d) that it has discharged, or will discharge, all obligations owed to its customers in respect of whom the Authorised Firm has carried on, or will cease to carry on, Financial Services in or from the DIFC; and
      (e) if it is providing Trust Services, that it has made appropriate arrangements for the transfer of business to a new Trust Service Provider and the appointment, where necessary, of new trustees.
      Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
      [Amended] DFSA RM155/2015 (Made 9th December 2015) [VER35/02-16]

      • GEN 11.4.1 Guidance

        When considering a withdrawal of a Licence, the DFSA takes into account a number of matters including those outlined in the RPP Sourcebook.