Entire Section

  • GEN 11.12.2 GEN 11.12.2

    (1) The DFSA may, by sending a notice in writing, require an Authorised Person to provide a report by an independent expert. The DFSA may require the report to be in whatever form it specifies in the notice.
    (2) The DFSA will give written notification to the Authorised Person of the purpose of its report, its scope, the timetable for completion and any other relevant matters.
    (3) The independent expert must be appointed by the Authorised Person and be nominated or approved by the DFSA.
    (4) The Authorised Person must pay for the services of the independent expert.

    • GEN 11.12.2 Guidance

      1. If the DFSA decides to nominate the independent expert, it will notify the Authorised Person accordingly. Alternatively, if the DFSA is content to approve the independent expert selected by the Authorised Person it will notify it of that fact.
      2. The DFSA will only approve an independent expert that in the DFSA's opinion has the necessary skills to make a report on the matter concerned.