RPP 6-1 RPP 6-1 DFSA's Approach to Imposing a Penalty
This chapter sets out the matters that will be taken into account by the
DFSAExecutive when determining a "penalty", which includes a "financial penalty" or a "public censure".
DFSAmay also refer to this section when determining an appropriate penalty in settlement agreements, including an Enforceable Undertaking.
DFSAconsiders that a Personhas contravened a provision of any legislation administered by the DFSA, it may impose a penalty on such Person, including:(a) an Authorised Person, DNFBPor Registered Auditor(collectively referred to as "firms" in this chapter unless otherwise stated); and(b) an Authorised Individual, Principal Representative, Key Individual, Persons Undertaking Key Control Functions, Audit Principal, or "senior management" for the purposes of the AMLModule (collectively referred to as "Key Persons" in this chapter unless otherwise stated).