Entire Section

  • GEN 11.10.11 GEN 11.10.11

    (1) The DFSA may, for the purposes of the requirements in this section, require from an Authorised Firm any additional information relating to the Major Acquisition as it may consider appropriate. An Authorised Firm must provide any such additional information to the DFSA promptly.
    (2) The DFSA may, where it considers appropriate, withdraw its no objection position or modify or vary any condition it has imposed or any remedial action it has required under the Rules in this section.
    Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
    [Amended] DFSA RM131/2014 (Made 21st August 2014). [VER34/06-14]

    • GEN 11.10.11 Guidance

      The DFSA will generally not withdraw a no objection position it has conveyed to an Authorised Firm, except in very limited circumstances. An example of such a situation is where the Authorised Firm is found to have provided to the DFSA inaccurate or incomplete information and that commission or omission has a material impact on the DFSA's no objection decision.