The DFSA will determine a financial penalty figure that reflects the seriousness of the contravention. In determining such a figure, the DFSA will take into account various factors, which will usually fall into the following four categories:
(a) factors relating to the impact of a contravention;
(b) factors relating to the nature of a contravention;
(c) factors tending to show whether a contravention was deliberate; and
(d) factors tending to show whether a contravention was reckless.
Derived from Notice of Updates
(Made 20th December 2012). December 2012 Edition
Amended (Made 21st August 2014). August 2014 Edition