RPP 2-9 RPP 2-9 Application to be an Ancillary Service Provider
An applicant seeking to become an
Ancillary Service Providerwill need to comply with requirements including those set out set out in the ASPmodule.
In respect of
Ancillary Service Providers, Article 44(1) of the Regulatory Law2004 prohibits a Personfrom carrying on an Ancillary Servicein or from the DIFCunless the Personis registered as an Ancillary Service Provider.
Chapter 4 of the ASP module outlines some of the matters required to be addressed when making an application to carry on
Ancillary Services. The activities which constitute Ancillary Servicesare defined in the ASPmodule as Providing Legal Servicesand Providing Accountancy Services.
ASP Rule 4.2.2 provides that applications for registration as an
Ancillary Service Providermay be submitted only by a Body Corporateor Partnership.
DFSAwill have particular regard to whether the firm, or anyone in a position of influence in or over it, has criminal convictions or been the subject of adverse findings by courts or regulatory authorities in the UAEor elsewhere, or is known to have engaged in dishonest or improper business practices.