Entire Section

  • GEN 7.1 GEN 7.1 Application

    • GEN 7.1.1 GEN 7.1.1

      (1) This chapter applies, subject to (2), to every Person who is:
      (a) an Authorised Firm;
      (b) an applicant for a Licence to be an Authorised Firm;
      (c) an Authorised Individual;
      (d) an applicant for Authorised Individual status; or
      (e) a Controller of a Person referred to in (a) or (b).
      (2) This chapter does not apply to a Person intending to:
      (a) Operate an Exchange;
      (b) Operate a Clearing House; or
      (c) Operate a Representative Office.
      Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
      [Amended] DFSA RM105/2012 (Made 23rd December 2012). [VER32/12-12]

      • GEN 7.1.1 Guidance

        1. This chapter outlines DFSA's authorisation requirements for an Authorised Firm and Authorised Individual.
        2. The DFSA's requirements for authorisation of:
        a. Authorised Market Institutions are covered by the AMI module; and
        b. Representative Offices are covered by the REP module.
        3. The DFSA's requirements for registration of DNFBPs are found in the AML module.
        4. This chapter should be read in conjunction with the RPP Sourcebook which sets out DFSA's general regulatory policy and processes. Some additional processes may be outlined in other chapters of this module.
        5. Chapter 2 of the RPP Sourcebook sets out DFSA's approach to the authorisation of undertakings and individuals to conduct Financial Services or Licensed Functions, as the case may be.
        Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
        [Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]