RPP 4-1-4

The range of powers available to the DFSA is primarily set out in the Regulatory Law. Some of the key powers (see Appendix 1) include the power to:

(a) request information and documents and access premises (Article 73);
(b) require an Authorised Person to provide a report from an independent expert (Article 74);
(c) impose prohibitions or restrictions on an Authorised Person's business (Article 75) or dealings with relevant property (Article 76);
(d) issue a direction to an Authorised Person or Affiliate for prudential purposes (Article 75A);
(e) impose conditions and restrictions on an Authorised Person's Licence or endorsement (Article 49);
(f) impose conditions and restrictions on an Authorised Individual or Key Individual (Article 56);
(g) withdraw an authorisation or endorsement on a Licence or withdraw the Licence (as a whole) of an Authorised Person (Articles 50 and 51);
(h) suspend an authorisation or endorsement on a Licence or suspend the Licence of an Authorised Person (Article 52);
(i) restrict, suspend or withdraw an Authorised Individual or Key Individual's status (Article 58(1);
(j) restrict a person from performing any functions in connection with provision of Financial Services (Article 59), and
(k) impose conditions and restrictions on, or suspend, vary or withdraw the registration of, a Registered Auditor or Audit Principal (Articles 98 and 98A).
Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
Amended (Made 21st August 2014). August 2014 Edition