63. Extended jurisdiction

Past version: effective up to 17/04/2006
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(1) Any power which the DFSA may exercise in relation to an Authorised Firm, Authorised Market Institution, Ancillary Service Provider, Authorised Individual, Recognised Body or Recognised Member under the Law or Rules or other legislation administered by the DFSA may continue to be exercised for a period of two years after the date on which:
(a) the Licence of such Authorised Firm or Authorised Market Institution;
(b) the registration of an Ancillary Service Provider;
(c) the Authorised Individual status of such Authorised Individual; or
(d) the Recognition Notice for the Recognised Body or Recognised Member
is withdrawn by the DFSA under the Law.
(2) If, pursuant to the Law, proceedings are commenced before a Financial Markets Tribunal or the Regulatory Appeals Committee before the expiry of the period of two years referred to in Article 63(1) then the provisions of Article 63(1) shall remain in force until such time as the proceedings and any related appeals and proceedings are completed.