Entire Section

  • RPP 6-1 RPP 6-1 DFSA's Approach to Imposing a Penalty

    • RPP 6-1-1

      This chapter sets out the matters that will be taken into account by the DFSA Executive when determining a "penalty", which includes a "financial penalty" or a "public censure".

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

    • RPP 6-1-2

      The DFSA may also refer to this section when determining an appropriate penalty in settlement agreements, including an Enforceable Undertaking.

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

    • RPP 6-1-3

      Where the DFSA considers that a Person has contravened a provision of any legislation administered by the DFSA, it may impose a penalty on such Person, including:

      (a) an Authorised Person, DNFBP or 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 AML Module (collectively referred to as "Key Persons" in this chapter unless otherwise stated).
      Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
      Amended (Made 21st August 2014). August 2014 Edition