55. Rejecting an Application

Past version: effective up to 20/08/2014
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(1) The DFSA may in its absolute discretion reject an application for Authorised Individual status or for extension to status.
(2) Upon refusing to grant Authorised Individual status or an extension to status, the DFSA shall without undue delay inform the relevant director, officer, employee or agent and the Authorised Firm in writing of such refusal and, where requested by either the relevant director, officer, employee or agent or Authorised Firm the reasons for such refusal.