GEN 11.8.4

(1) In the case of an Authorised Firm which is a Domestic Firm, a Person must not:
(a) become a Controller; or
(b) increase the level of control which that Person has in the firm beyond a threshold specified in (2),
unless that Person has obtained the prior written approval of the DFSA to do so.
(2) For the purposes of (1)(b), the thresholds at which the prior written approval of the DFSA is required are when the relevant holding is increased:
(a) from below 30% to 30% or more; or
(b) from below 50% to 50% or more.
Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
[Amended] DFSA RM105/2012 (Made 23rd December 2012). [VER32/12-12]