Entire Section

  • RAR 3.5 Temporary Administrator

    • RAR 3.5.1

      Where the DFSA appoints a Temporary Administrator for an Authorised Firm, the Temporary Administrator’s powers are exercised under the control of the DFSA and the DFSA may set limits on the actions the Temporary Administrator may take or require the DFSA’s prior consent to any action.

       

      Derived from DFSA RMI283/2020 (Made 16th December 2020). [VER1/04-21]

    • RAR 3.5.2 RAR 3.5.2

      The DFSA shall set out in writing the terms of appointment of the Temporary Administrator including the requirement that the Temporary Administrator report regularly to the DFSA on the progress of the Temporary Administrator’s activities, the budget, forecasts and other relevant matters concerning the Authorised Firm.

       

      Derived from DFSA RMI283/2020 (Made 16th December 2020). [VER1/04-21]

      • RAR 3.5.2 Guidance

        The DFSA will, when appointing a Temporary Administrator to an Authorised Firm in Resolution that is a Group entity, consider whether it is appropriate to appoint the same Temporary Administrator that has been appointed to another entity.

         

        Derived from DFSA RMI283/2020 (Made 16th December 2020). [VER1/04-21]