Versions

 

RPP 6-7-6

The DFSA may withdraw a firm's Licence or registration, or the status of registration of an Authorised Individual, Key Individual, Principal Representative or Audit Principal, as well as impose a financial penalty. Such action by the DFSA does not affect the DFSA's assessment of the appropriate financial penalty in relation to a contravention. However, the fact that the DFSA has withdrawn such Licence or registration, as a result of which the firm or individual may have less earning potential, may be relevant in assessing whether the financial penalty will cause the firm or individual serious financial hardship.

Inserted (Made 21st August 2014). August 2014 Edition