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RPP 6-7-2

Where an individual or firm claims that payment of the financial penalty proposed by the DFSA will cause them serious financial hardship, the DFSA will consider whether to reduce the proposed financial penalty only if:

(a) the individual or firm provides verifiable evidence that payment of the financial penalty will cause them serious financial hardship;
(b) the individual or firm provides full, frank and timely disclosure of the verifiable evidence, and cooperates fully in answering any questions asked by the DFSA about their financial position; and
(c) the individual or firm is able to satisfy the DFSA that payment of the financial penalty will cause them serious financial hardship.
Inserted (Made 21st August 2014). August 2014 Edition