FPR 9.4 FPR 9.4 Exercise of DFSA's powers at the request of another authority
This section applies if the
DFSAis the Home Regulatoror Host Regulatorof a Passported Fund.
The DFSA's powers may be exercised at the request of, or for the purpose of assisting, another
Authorityin relation to a Passported Fund.
If a request has been submitted to the
DFSAto exercise its powers under these Rules, the DFSAwill, in deciding whether or not to exercise those powers in response to the request, consider whether it is necessary and permitted under applicable law to do so.
In deciding whether or not to exercise its powers, the
DFSAmay take into account factors including, but not limited to, the following:(a) whether the case concerns the breach of a law, or other requirements, in the DIFC;(b) the seriousness of the case and its importance in the public interest to give the assistance sought; and(c) whether it would further one or more of the DFSA's statutory objectives.
Nothing in this section limits any other powers that
DFSAmay exercise at the request of, or for the purpose of assisting, another Authority.