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RPP 4-12-7

The DFSA may also direct an Affiliate of an Authorised Person to take specified steps or not to carry out specified activities.12 The DFSA may give such a direction to an Affiliate if the DFSA is the consolidated supervisor of the Group to which the Authorised Person belongs and is satisfied that the direction is necessary or desirable for the effective prudential supervision of the Group.13 A direction may, for example, include a requirement that the Affiliate limit any activities reasonably likely to expose the Authorised Person or its Group to excessive risks or risks that are not properly managed.


12 Article 75A(2).

13 Article 75A(2).

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