Entire Section

  • RPP 4-1 RPP 4-1 Introduction

    • RPP 4-1-1

      This chapter provides information on how the DFSA will generally exercise its powers when conducting supervisory or enforcement activities. These powers can be exercised in respect of any Persons, including an Authorised Person, DNFBP or Registered Auditor (collectively referred to as "firms" in this chapter unless otherwise stated), an Authorised Individual, Key Individual, Audit Principal or Principal Representative.

      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
      Amended by Notice of Updates (Made 14th July 2013). July 2013 Edition
      Amended (Made 21st August 2014). August 2014 Edition

    • RPP 4-1-2

      Chapter 5 of the RPP describes how the DFSA will exercise additional powers when conducting enforcement activities.

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

    • RPP 4-1-3

      A reference to:

      (a) an Article in this chapter is a reference to an Article in the Regulatory Law, unless otherwise stated; and
      (b) the Law in this chapter is a reference to any legislation administered by the DFSA.
      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
      Amended (Made 21st August 2014). August 2014 Edition

    • RPP 4-1-4

      The range of powers available to the DFSA is primarily set out in the Regulatory Law. Some of the key powers (see Appendix 1) include the power to:

      (a) request information and documents and access premises (Article 73);
      (b) require an Authorised Person to provide a report from an independent expert (Article 74);
      (c) impose prohibitions or restrictions on an Authorised Person's business (Article 75) or dealings with relevant property (Article 76);
      (d) issue a direction to an Authorised Person or Affiliate for prudential purposes (Article 75A);
      (e) impose conditions and restrictions on an Authorised Person's Licence or endorsement (Article 49);
      (f) impose conditions and restrictions on an Authorised Individual or Key Individual (Article 56);
      (g) withdraw an authorisation or endorsement on a Licence or withdraw the Licence (as a whole) of an Authorised Person (Articles 50 and 51);
      (h) suspend an authorisation or endorsement on a Licence or suspend the Licence of an Authorised Person (Article 52);
      (i) restrict, suspend or withdraw an Authorised Individual or Key Individual's status (Article 58(1);
      (j) restrict a person from performing any functions in connection with provision of Financial Services (Article 59), and
      (k) impose conditions and restrictions on, or suspend, vary or withdraw the registration of, a Registered Auditor or Audit Principal (Articles 98 and 98A).
      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
      Amended (Made 21st August 2014). August 2014 Edition

    • RPP 4-1-5

      When the DFSA exercises a power specified in this chapter (except for sections 4-2 and 4-3), it will generally follow the decision making procedures set out in Chapter 7 of the RPP.

      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
      Amended (Made 21st August 2014). August 2014 Edition