GEN 11.5 GEN 11.5 Changes to an authorised individual status
GEN 11.5 Guidance
This section addresses applications or requests regarding
Authorised Individualswith respect to Article 53(3), 56(3), 58(2) and 58(3).
An application to extend the scope of an
Authorised Individualstatus to other Licensed Functionsmay be made by the Authorised Individualand Authorised Firmby the completion and submission of the appropriate form in AFN.
Authorised Firmor Authorised Individualrequesting:(a) the imposition, variation or withdrawal of a condition or restriction;(b) withdrawal of Authorised Individualstatus; 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
FMTrelating to the relevant condition or restriction may commence under Article 29.
GEN 11.5.3 Guidance
In considering the suitability of such an application or request the
DFSAmay 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]