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RPP 5-7-4

When the DFSA does require an Authorised Person to appoint a manager, it will do so in writing, setting out:

(a) that the Authorised Person is required to appoint a manager;
(b) the time by which such manager must be appointed;
(c) the reasons for the Authorised Person being required to appoint a manager;
(d) the individual nominated by the DFSA to be the manager or the process by which approval may be given by the DFSA; and
(e) the fact that the Authorised Person may appeal to the Regulatory Appeals Committee in respect of the decision.
Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition