Entire Section

  • RPP 4-10 RPP 4-10 Power to Restrict Individuals

    • RPP 4-10-1

      If the DFSA reasonably concludes that a natural person is not fit and proper to perform any functions in connection with the provision of Financial Services or Ancillary Services (whether or not they are Licensed Functions), it may restrict that Person from performing any or all such functions.7


      7Article 58(1) of the Regulatory Law 2004

      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition

    • RPP 4-10-2

      Article 58(1) of the Regulatory Law 2004 enables the DFSA to impose a restriction in respect of all functions or in respect of specific functions. Whether a general restriction or a more specific restriction is imposed by the DFSA may depend on the facts of the matter, including:

      (a) the concerns upon which the DFSA determines that a natural person is not fit and proper to perform any functions; and
      (b) the need to protect the integrity of the DIFC and ensure the confidence of participants in the market.
      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition

    • RPP 4-10-3

      In determining whether to exercise its power under Article 58(1), the DFSA may have regard to all relevant matters including, but not limited to, the criteria for assessing the fitness and propriety of Authorised Individuals as set out in chapter 7 of GEN and section 2-3 of this Sourcebook.

      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition