RPP 4-7-3

In determining whether to exercise its Article 50 and 51 powers, the DFSA will have regard to all relevant matters. These include, but are not limited to, the following:

(a) when the DFSA has serious concerns about the manner in which the business of the Authorised Person has been or is being conducted;
(b) when the DFSA considers it necessary to protect regulated entities and customers in the DIFC;
(c) whether any alleged contraventions affect or have the potential to affect the DFSA's objectives;
(d) the nature, seriousness and impact of any alleged contravention and whether the alleged contravention is ongoing;
(e) when the Authorised Person no longer satisfies the relevant criteria set out in chapter 7 of the GEN module, chapters 2 and 7 of the AMI module and section 2-2 of this module in respect of the fitness and propriety to carry on a Financial Service or hold a Licence;
(f) when the activities of the Authorised Person have ceased; and
(g) when the Authorised Person's resources seem to the DFSA inadequate for the scale or type of activity which the firm is authorised to undertake.
Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
Amended (Made 21st August 2014). August 2014 Edition