Entire Section
Referrals
RPP 5-3-9
There are two types of referrals, internal and external. Internal referrals originate from the
DFSA's supervisory activities conducted by the Supervision or Markets Division. TheDFSA's supervisory framework is designed to detect and mitigate risks to theDIFC and the financial services industry in theDIFC . An internal referral occurs when aDFSA supervisory division refers a matter to the Enforcement Division, when the supervisory division has identified possible contraventions of Laws and Rules.Added by Notice of Updates (Made 23rd November 2014). November 2014 EditionRPP 5-3-10
When Enforcement receives an internal referral, the referring division may continue to be responsible for the on-going supervision of the
Person who is the subject of the referral.Added by Notice of Updates (Made 23rd November 2014). November 2014 EditionRPP 5-3-11
The
DFSA may also receive allegations of misconduct through an external referral from other regulatory authorities and law enforcement agencies. Such allegations are generally received pursuant to theIOSCO or IAIS Multilateral Memoranda of Understanding (MMoU), or bilateral arrangements for the exchange of information between theDFSA and other regulatory and enforcement agencies.Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition