Entire Section

  • GEN 11.5 GEN 11.5 Changes to an authorised individual status

    • GEN 11.5.1

      An application to extend the scope of an Authorised Individual status to other Licensed Functions may be made by the Authorised Individual and Authorised Firm by the completion and submission of the appropriate form in AFN.

    • GEN 11.5.2

      An Authorised Firm or Authorised Individual requesting:

      (a) the imposition, variation or withdrawal of a condition or restriction;
      (b) withdrawal of Authorised Individual status; or
      (c) withdrawal of authorisation in relation to one or more Licensed Functions;
      must, subject to Rule 11.5.3, for (a) submit such request in writing to the DFSA, and for (b) and (c) submit a request by completing the appropriate form in AFN.

    • GEN 11.5.3 GEN 11.5.3

      A request for the variation or withdrawal of a condition or restriction may only be made after the expiry of any period within which a reference to the FMT relating to the relevant condition or restriction may commence under Article 29.

      Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
      [Amended] DFSA RM131/2014 (Made 21st August 2014). [VER34/06-14]

      • GEN 11.5.3 Guidance

        In considering the suitability of such an application or request the DFSA may take into account any matter referred to in RPP with respect to fitness and propriety for Authorised Individuals.

        [Amended] DFSA RM131/2014 (Made 21st August 2014). [VER34/06-14]