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RPP 5-7-6

In considering whether a manager should be appointed, the DFSA will take into consideration all relevant circumstances including, but not limited to, the following matters:

(a) the nature and extent of the business of the Authorised Person;
(b) the nature of the DFSA's concerns in relation to the Authorised Person and whether they affect, or have the potential to affect, the DFSA's objectives;
(c) whether the DFSA's concerns in relation to the Authorised Person may be addressed by the appointment of a manager;
(d) where the DFSA considers it necessary to protect regulated entities and customers in the DIFC;
(e) whether an appropriately qualified manager may be available and willing to undertake the appointment;
(f) the likely duration of the appointment; and
(g) the likely impact of costs associated with the appointment of a manager.
Added by Notice of Updates (Made 23rd November 2014). November 2014 Edition