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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 have the decision reviewed by the Financial Markets Tribunal.
Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition