Versions

 

FER 6.1.4

An Authorised Person applying to have its Licence withdrawn must pay to the DFSA an application fee of $5,000 if, when it applies, the Authorised Person:

(a) Provides Custody;
(b) has Deposits that must be repaid;
(c) holds or controls Client Assets or Insurance Monies;
(d) has a significant liability to a creditor;
(e) is the subject of a civil claim made by a Client; or
(f) is the subject of enforcement, supervisory or civil proceedings by the DFSA or a Financial Services Regulator.
Derived from DFSA RM207/2017 (Made 14th June 2017). [VER16/01-18]