Versions

 

RPP 2-3-7

In determining the financial soundness of an individual, the DFSA may have regard to any factors including, but not limited to, the following:

(a) whether an individual is able to meet his debts as they fall due; and
(b) whether an individual has been adjudged bankrupt, had a receiver or an administrator appointed, had a bankruptcy petition served on him, had his estate sequestrated, entered into a deed of arrangement (or any contract in relation to a failure to pay due debts) in favour of his creditors or, within the last 10 years, has failed to satisfy a judgement debt under a court order, whether in the U.A.E. or elsewhere.
Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]