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  • Disciplinary Action and Events Relating to Key Individuals

    • AMI 9.4.2

      Where any Key Individual of an Authorised Market Institution:

      (a) is the subject of any:
      (i) disciplinary action arising out of alleged misconduct; or
      (ii) criminal prosecution arising out of alleged misconduct involving fraud or dishonesty;
      (b) resigns as a result of an investigation into alleged misconduct; or
      (c) is dismissed for misconduct;

      the Authorised Market Institution must immediately give the DFSA notice of that event and give the following information:
      (d) the name of the Key Individual and his responsibilities within the Authorised Market Institution;
      (e) details of the alleged acts of misconduct by that Key Individual; and
      (f) details of any disciplinary action which has been imposed or is proposed to be taken by that body in relation to that Key Individual.
      Derived from RM118/2013 [VER15/07-13]

    • AMI 9.4.3

      Where an Authorised Market Institution becomes aware that any of the following events have occurred in relation to a Key Individual, it must immediately give the DFSA notice of that event:

      (a) a petition of bankruptcy is presented against a Key Individual;
      (b) a bankruptcy order is made against a Key Individual; or
      (c) a Key Individual entering into a voluntary arrangement with his creditors.
      Derived from RM118/2013 [VER15/07-13]