Entire Section

  • RPP 9-2 RPP 9-2 DFSA's Power to Issue Relief

    • RPP 9-2-1

      The DFSA may, on the application or with the consent of a person, direct that its Rules:

      (a) do not apply to a person; or
      (b) do apply to a person but with such modifications as are set out in a notice issued by the DFSA for this purpose.2
      Derived from Notice of Updates (Made 11th February 2015). February 2015 Edition

      2 Article 25 of the Regulatory Law 2004.

    • RPP 9-2-2

      Usually such a person is an Authorised Person, but this may not necessarily be the case. For example, in the case of an Offer of Securities the Issuer may apply for relief from the MKT Rules.

      Derived from Notice of Updates (Made 11th February 2015). February 2015 Edition

    • RPP 9-2-3

      The DFSA, in addition to waiving or modifying Rules, has the power to waive or modify Articles of the Markets Law 20123. This power would typically only be exercised where practicality conflicts with a provision of the law and the associated risks are adequately addressed by alternative arrangements put in place by the applicant.

      Derived from Notice of Updates (Made 11th February 2015). February 2015 Edition

      3 Article 9 of the Markets Law 2012.

    • RPP 9-2-4

      If an application is successful, the DFSA will issue its decision by means of a notice in writing.

      Derived from Notice of Updates (Made 11th February 2015). February 2015 Edition