Entire Section

  • Variation or Withdrawal

    • RPP 5-15-20

      Once accepted by the DFSA, an EU can only be withdrawn or varied with the consent of the DFSA in writing. The DFSA will only consider a request to vary an undertaking if:

      (a) the variation will not alter the spirit of the original undertaking;
      (b) compliance with any one or more terms of the undertaking is subsequently found to be impractical or impossible; or
      (c) there has been a material change in the circumstances which led to the undertaking being given.
      Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition
      Amended by Notice of Updates (Made 11th February 2020). February 2020 Edition