This section sets out matters which the
DFSAtakes into consideration when assessing the fitness and propriety of an Authorised Person(including applicants). There are some matters in this section which apply to all Authorised Personsand some which are specific to either an Authorised Firmor an Authorised Market Institution. Such matters should be read in conjunction with those requirements relating to Authorised Firms(see chapter 7 of the GEN module) and Authorised Market Institutions(see chapters 2 and 7 of the AMI module).
DFSAmay have regard to all relevant matters, whether arising in the DIFCor elsewhere. The DFSAmay determine the materiality of any information for the purposes of considering whether an Authorised Personhas demonstrated, or continues to demonstrate, that it is fit and proper.
DFSAmay request or require any information which it considers relevant to its consideration of an application by an Authorised Person.
In considering any specific matters, the
DFSAmay request reviews by an appropriately skilled third party on any aspect of the Authorised Person'sproposed or actual activities or the environment in which the applicant predominantly operates. The DFSAwill normally agree to the scope of any reviews performed. Such reviews will ordinarily be at the applicant's sole expense.