88. Appointment of Managers

Past version: effective up to 22/12/2012
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(1) The DFSA may by written notice require an Authorised Firm or Authorised Market Institution to appoint one or more individuals to act as managers of the business of the person on such terms as the DFSA may stipulate in its written notice. Such terms may be varied from time to time by notice in writing given by the DFSA to the person.
(2) The individual or individuals appointed to act as managers of the business under Article 88(1) must be nominated or approved by the DFSA.
(3) The DFSA may impose a requirement under Article 88(1) in the circumstances prescribed in the Rules.