RPP 3-2-41

Past version: effective from 28/04/2011 - 22/12/2012
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In considering requests under GEN Rule 11.4.1, an Authorised Firm will need to satisfy the DFSA that it has made appropriate arrangements with respect to its existing customers, including the receipt of any customers' consent where required and, in particular:

(a) whether there may be a long period in which the business will be run-off or transferred;
(b) whether deposits must be returned to customers;
(c) whether money and other assets belonging to customers must be returned to them; and
(d) whether there is any other matter which the DFSA would reasonably expect to be resolved before granting a request for the withdrawal of a Licence.
Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]