The DFSA may exercise its powers under Article 51 to withdraw a
(a) as a consequence of withdrawal of authorisation in relation to one or more
Financial Services under Article 50, the Authorised Person is no longer authorised to carry on a Financial Service;
Authorised Person is no longer fit and proper to hold a Licence;
Authorised Person has failed to remove a Controller or take such other action as required by the DFSA under Article 64; or
Authorised Person requests the withdrawal.
Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition