Entire Section

  • RPP 5-8 RPP 5-8 Fines

    • RPP 5-8-1

      The DFSA may seek to impose a fine under Article 90 on a Person whom it considers has contravened a provision of the Law. The DFSA may impose a fine in any amount considered appropriate.

      Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition

    • RPP 5-8-2

      In determining whether to impose a fine and the quantum of the fine, the DFSA will take into consideration the circumstances of the conduct and will be guided by the penalty guidance set out in chapter 6 of the RPP.

      Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition

    • RPP 5-8-3

      The decision to impose a fine on a Person will be made by the DMC.

      Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition

    • RPP 5-8-4

      Prior to making a decision, the DMC will follow the procedures set out in Schedule 3 of the Regulatory Law (see also chapter 7 of the RPP).

      Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition

    • RPP 5-8-5

      If a Person receives a notice imposing a fine and does not pay the full amount of the fine, the DFSA may recover so much of the fine as remains outstanding as a debt due, together with costs incurred by the DFSA in recovering such amount.

      Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition