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FPR 3.2.5

(1) The DFSA will not provide a notice under FPR Rule 3.2.4(a):
(a) if it considers that the Fund Manager or the Public Fund does not comply with, or it has reasonable grounds for determining that the Fund Manager or the Public Fund may in the future not comply with, applicable legislation, including these Rules; or
(b) if it considers that it is necessary and appropriate to refrain from doing so in order to meet its objectives.
(2) The procedures in Schedule 3 to the Regulatory Law apply to a decision of the DFSA to not provide a notice under (1).
Derived from RMI233/2019 (Made 20th February 2019). [VER1/02-19]