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RPP 5-10-2

In deciding whether an application for an injunction or other order is appropriate in any given case, the DFSA will consider all relevant circumstances including, but not limited to, the following matters:

(a) the nature, seriousness and impact of the contravention and whether the contravention is on-going;
(b) whether the contravention affects, or has the potential to affect, the DFSA's objectives;
(c) whether any party who may have suffered some detriment as a result of the contravention is able to take their own remedial action;
(d) where the DFSA considers it necessary to protect regulated entities and customers in the DIFC;
(e) whether there is a danger of assets being dissipated or removed from the jurisdiction of the Court;
(f) whether there is a danger that the Person or Persons may leave the jurisdiction and, if so, the effect that their absence may have on the effectiveness of the Court's orders;
(g) the costs the DFSA would incur in applying for and enforcing an injunction or other orders and the likely effectiveness of such an injunction or other order;
(h) the disciplinary record and compliance history of the Person;
(i) whether a suitable remedy is available;
(j) the extent to which another law enforcement agency or Financial Services Regulator can adequately address the matter and, if so, that body's attitude to the matter; and
(k) whether there is information to suggest that the Person who is the subject of the possible application is or has been involved in money laundering, terrorist financing or other form of financial crime or criminal conduct.
Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition