The DFSA may exercise its powers under Article 50(1) to withdraw the authorisation under a
Authorised Person is or has been in breach of one or more restrictions or conditions applicable to its Licence;
Authorised Person is in breach of the Regulatory Law 2004, Rules or other legislation administered by the DFSA;
Authorised Person is no longer fit and proper to carry on a Financial Service;
Authorised Person has failed for a period of at least twelve consecutive months to carry on one or more Financial Services for which it is authorised under a Licence;
Authorised Person requests the withdrawal; or
(f) the DFSA considers that the exercise of the power is necessary or desirable in the pursuit of its objectives.
Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition