RPP 4-11-2

The DFSA may exercise its powers to suspend registration of a Registered Auditor or Audit Principal on its own initiative in the following circumstances:

(a) the Registered Auditor or Audit Principal is in breach of, or has been in breach of, one or more restrictions or conditions applicable to its registration;
(b) the Registered Auditor or Audit Principal is in breach of, or has been in breach of, the Regulatory Law or the Rules;
(c) the Registered Auditor or Audit Principal is no longer fit and proper;
(d) the Registered Auditor has failed for a period of at least 24 consecutive months to provide Audit Services permitted under its registration;
(e) if the Audit Principal becomes a bankrupt, is convicted of a serious criminal offence, has become incapable of managing his affairs or is no longer employed by the Registered Auditor who appointed him; or
(f) in the case of an Audit Principal, if the registration of their Registered Auditor is suspended or withdrawn.8

8 Article 98A(2).

Inserted (Made 21st August 2014). August 2014 Edition