GEN 11.10.11 GEN 11.10.11(1) The
DFSAmay, for the purposes of the requirements in this section, require from an Authorised Firmany additional information relating to the Major Acquisitionas it may consider appropriate. An Authorised Firmmust provide any such additional information to the DFSApromptly.(2) The DFSAmay, 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 Rulesin this section.
GEN 11.10.11 Guidance
DFSAwill 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 Firmis found to have provided to the DFSAinaccurate or incomplete information and that commission or omission has a material impact on the DFSA'sno objection decision.Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]