Versions

 

14.

Article 75 is replaced as follows:

"Imposing Restrictions on Business

(1) Subject to Article 77, the DFSA may by written notice:
(a) prohibit an Authorised Firm or Authorised Market Institution from:
(i) entering into certain specified transactions or types of transaction;
(ii) soliciting business from certain specified persons or types of person;
(iii) carrying on business in a specified manner or other than in a specified manner; or
(iv) using a particular name for a Fund or a sub-fund of a Fund; or
(b) require an Authorised Firm or Authorised Market Institution to carry on business in, and only in, a specified manner.
(2) The prohibitions or requirement in Article 75(1) may be imposed on the Operator of a Fund in relation to the operation of a Fund or on the Fund itself, even where the Fund has no legal personality."