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  • RPP 4-11 RPP 4-11 Power to Vary or Withdraw the Registration of an Ancillary Service Provider

    • RPP 4-11-1

      The DFSA has the power to vary or withdraw the registration of an Ancillary Service Provider pursuant to sections 4.5 and 4.6 of the ASP Module and Article 60(4) of the Regulatory Law 2004. The DFSA may exercise this power where it is satisfied that:

      (a) the Ancillary Service Provider has failed to carry on an Ancillary Service in the DIFC for a continuous period of 12 months or more; or
      (b) the Ancillary Service Provider has breached, or is breaching, the Laws or Rules of the DIFC.8

      8ASP Sections 4.5 and 4.6.

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

    • RPP 4-11-2

      In determining whether to exercise its powers to withdraw the registration of an Ancillary Service Provider, the DFSA may have regard to all relevant matters including, but not limited to, the circumstances specified in paragraph 4-7-3 as relevant to an Ancillary Service Provider.

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