RAR 3.3.6

If the Sale of Business Tool has been used to transfer Critical Functions or the viable business of an Authorised Firm to a private sector purchaser, the Residual Institution shall be wound up under insolvency proceedings, within an appropriate timeframe, having regard to any need for the Residual Institution to provide services or support to enable the purchaser to carry on the activities or services acquired by virtue of that transfer.


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