Entire Section
GEN 6.6 GEN 6.6 Close links
GEN 6.6.1 GEN 6.6.1
(1) Where anAuthorised Person or aPerson who has submitted an application for authorisation to carry on one or moreFinancial Services hasClose Links with anotherPerson , theDFSA must be satisfied that thoseClose Links are not likely to prevent the effective supervision by theDFSA of theAuthorised Person .(2) If requested by theDFSA theAuthorised Person must submit aClose Links report or notification, in a form specified by theDFSA . This may be requested on an ad hoc or periodic basis.Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]GEN 6.6.1 Guidance
1. Procedures for notification to theDFSA are set out in GEN section 6.10.2. Under the fit and proper test forAuthorised Firms and theLicensing Requirements forAuthorised Market Institutions , anAuthorised Firm orAuthorised Market Institution which does not satisfy theDFSA with respect of itsClose Links will, on this point alone, not be considered fit and proper or able to satisfy theLicensing Requirements .
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
Amended in accordance with Notice of Amendments to Legislation April 2011 [VER27/02-11]
[Amended] DFSA RM176/2016 (Made 19th June 2016) [VER37/08-16]