GEN 7.2.7

(1) In assessing whether an applicant is fit and proper, the DFSA will consider:
(a) the fitness and propriety of the members of its Governing Body;
(b) the suitability of the applicant's Controllers or any other Person;
(c) the impact a Controller might have on the applicant's ability to comply with the applicable requirements;
(d) the Financial Services concerned;
(e) the activities of the applicant and any associated risks that those activities pose to the DFSA's objectives described under Article 8(3) of the Regulatory Law 2004;
(f) whether the applicant's affairs will be conducted and managed in a sound and prudent manner;
(g) any matter which may harm or may have harmed the integrity or the reputation of the DFSA or DIFC; and
(h) any other relevant matters.
(2) The DFSA will, in assessing the matters in (1), consider the cumulative effect of factors which, if taken individually, may be regarded as insufficient to give reasonable cause to doubt the fitness and propriety of an applicant.
[Amended] DFSA RM105/2012 (Made 23rd December 2012). [VER32/12-12]