DFSA may, by sending a notice in writing, require an Authorised Person to provide a report by an independent expert. The DFSA may require the report to be in whatever form it specifies in the notice.
DFSA will give written notification to the Authorised Person of the purpose of its report, its scope, the timetable for completion and any other relevant matters.
(3) The independent expert must be appointed by the
Authorised Person and be nominated or approved by the DFSA.
Authorised Person must pay for the services of the independent expert.
Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]