GEN 6.6 GEN 6.6 Close links
GEN 6.6.1 GEN 6.6.1(1) Where an
Authorised Personor a Personwho has submitted an application for authorisation to carry on one or more Financial Serviceshas Close Linkswith another Person, the DFSAmust be satisfied that those Close Linksare not likely to prevent the effective supervision by the DFSAof the Authorised Person.(2) If requested by the DFSAthe Authorised Personmust submit a Close Linksreport or notification, in a form specified by the DFSA. 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 Guidance1. Procedures for notification to the
DFSAare set out in GEN section 6.10.2. Under the fit and proper test for Authorised Firmsand the Licensing Requirementsfor Authorised Market Institutions, an Authorised Firmor Authorised Market Institutionwhich does not satisfy the DFSAwith respect of its Close Linkswill, on this point alone, not be considered fit and proper or able to satisfy the Licensing Requirements.