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RAR 3.2.1

Where the DFSA exercises the power to require an Authorised Firm in Resolution, or any of its Group entities, to provide any services or facilities, those services and facilities are to be provided on the following terms:

(a) where the services and facilities were provided under an agreement to the Authorised Firm in Resolution immediately before the Resolution Action was taken and for the duration of that agreement, on the same terms; and
(b) where there is no agreement for provision of the services and facilities or where the agreement has expired, on reasonable terms.

 

Derived from DFSA RMI283/2020 (Made 16th December 2020). [VER1/04-21]