RPP 4-1 RPP 4-1 Introduction
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, DNFBPor Registered Auditor(collectively referred to as "firms" in this chapter unless otherwise stated), an Authorised Individual, Key Individual, Audit Principalor Principal Representative.
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
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.
RPP 4-1-4(a) request information and documents and access premises (Article 73);(b) require an
Authorised Personto provide a report from an independent expert (Article 74);(c) impose prohibitions or restrictions on an Authorised Person'sbusiness (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 Licenceor endorsement (Article 49);(f) impose conditions and restrictions on an Authorised Individualor Key Individual(Article 56);(g) withdraw an authorisation or endorsement on a Licenceor withdraw the Licence(as a whole) of an Authorised Person(Articles 50 and 51);(h) suspend an authorisation or endorsement on a Licenceor suspend the Licenceof an Authorised Person(Article 52);(i) restrict, suspend or withdraw an Authorised Individualor Key Individual'sstatus (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 Auditoror Audit Principal(Articles 98 and 98A).