69. Stop Orders

(1) If the DFSA is satisfied that:
(a) any Prospectus or other document referred to in Article 56(1)(a) is misleading or deceptive;
(b) any dealings in a Unit in a Domestic Fund would contravene or have contravened this Law or the Rules;
(c) the Fund Manager is operating a type of, or specialist class of, a Domestic Fund for which it is not authorised under its Licence;
(d) due to exceptional circumstances it is in the interest of the Unitholders in the Fund;
(e) it is in the interests of the DIFC; or
(f) the Fund Manager has failed to comply with a direction given under Article 27(4);
the DFSA may issue a stop order directing that no Offers, issues, redemptions, sales or transfers of the Units of the Fund be made for such a period of time as it thinks appropriate.
(2) The procedures in Schedule 3 to the Regulatory Law 2004 apply to a decision of the DFSA under this Article. The DFSA shall give both the Fund Manager and the Trustee (if appointed) the opportunity to make representations under those procedures.
(3) If the DFSA decides to exercise its power under this Article, the Fund Manager or the Trustee (if appointed) may refer the matter to the FMT for review.