Before deciding whether to use of the Article 75(1)(a)(iv) power, the DFSA will generally try to resolve any concerns that it has with an Authorised Person's name using informal channels, and would generally seek a voluntary undertaking by the firm to change its name. However, in urgent cases, the DFSA may use the prohibition power without, or with very little, prior notice in accordance with paragraph 4(7) of Schedule 3 of the Regulatory Law 2004.

Derived from Notice of Updates (Made 14th July 2015). July 2015 Edition