RPP 2-2-19

In forming a determination the Governing Body should consider the length of time the Director has served as a member of the Governing Body and whether the relevant Director:

(a) has been an employee of the Authorised Market Institution or group within the last five years;
(b) has or has had, within the last three years, a material business relationship with the Authorised Market Institution, either directly or as a Partner, shareholder, Director or senior employee of a body that has such a relationship with the Authorised Market Institution;
(c) receives or has received, in the last three years, additional remuneration or payments from the Authorised Market Institution apart from a Director's fee, participates in the Authorised Market Institution's share option, or a performance-related pay scheme, or is a member of the Authorised Market Institution's pension scheme;
(d) is or has been a Director, Partner or Employee of a firm which is the Authorised Market Institution's auditor;
(e) has close family ties with any of the Authorised Market Institution's advisors, Directors or senior employees;
(f) holds cross directorships or has significant links with other Directors through involvement in other bodies; or
(g) represents a significant shareholder.
Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]
Amended by Notice of Updates (Made 11th February 2015). February 2015 Edition