Entire Section
Disclosure of Decisions
DMC
RPP 5-17-9
The
DFSA will generally make public any decision made by the DMC, and will do so in a timely manner after any relevant period to institute a referral of the decision to theFMT has expired or when a matter is referred to the FMT (see RPP 15-17-11).Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition
Amended by Notice of Updates (Made 11th February 2020). February 2020 EditionRPP 5-17-10
[deleted]
Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition
Amended by Notice of Updates (Made 11th February 2020). February 2020 EditionRPP 5-17-11
If the affected
Person exercises its right of referral then, as required by Article 29 of the Regulatory Law, theDFSA will publish appropriate information about the decision which has been referred to the FMT unless publication would, in the DFSA’s opinion, be prejudicial to the interests of the DIFC or the FMT has made an order that such information should not be published. When the referral has been heard and determined, or the FMT proceedings have otherwise come to an end, theDFSA expects to publish information about the outcome of those proceedings (subject only to theFMT ordering otherwise — see 5-17-12).Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition
Amended by Notice of Updates (Made 11th February 2020). February 2020 EditionFMT or a court decision
RPP 5-17-12
The
Regulatory Law requires allFMT hearings to be heard in public unless theFMT orders otherwise or its rules of procedure provide otherwise. TheFMT may exercise its discretion not to make public any decisions it may make. Where it does determine to publish a decision or interim decision, theFMT will publish these on theDFSA website. Following hearings and decisions by theFMT , theDFSA expects to make timely public disclosure of theFMT's decisions, including any interim decisions, unless otherwise ordered.Added by Notice of Updates (Made 23rd November 2014). November 2014 EditionRPP 5-17-13
Decisions made by the courts will be published by the
DFSA in a timely manner, unless ordered otherwise.Added by Notice of Updates (Made 23rd November 2014). November 2014 EditionRPP 5-17-14
This approach is adopted on the basis that any delay in disclosure may hinder and unfairly prejudice the
DFSA in achieving some of its primary objectives. For example, non-disclosure may potentially prejudice users and prospective users of financial services in theDIFC if they are acting unaware of facts known in the enforcement action.Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition