91. Administrative Censures

Past version: effective from 23/12/2012 - 20/08/2014
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(1) The DFSA may censure a person where such person contravenes:
(a) a Rule made by the DFSA; or
(b) a provision of any legislation administered by the DFSA except for Articles 30 and 35.
(2) The DFSA may exercise its power under Article 91(1) only if it has given the relevant person a suitable opportunity to make representations in person and in writing to the DFSA in relation to the proposed censure.
(3) Upon deciding to impose a censure upon a person, the DFSA must without delay inform the person in writing of:
(a) such decision and the reasons for such decision; and
(b) the date on which the censure is to be made.
(4) The DFSA may censure a person by any means, including by way of publishing a notice of censure.