Persons subject to enforcement action may be prepared to accept the amount of any financial penalty, if a settlement discount is applied, and any other conditions which the DFSA seeks to impose. Such conditions might include, for example, the amount or mechanism for the payment of compensation to consumers. The DFSA recognises the benefits of such agreements, in that they offer the potential for securing earlier redress or protection for consumers and the saving of cost to the Person concerned, and the DFSA itself, in contesting the financial penalty.
Inserted (Made 21st August 2014). August 2014 Edition
Amended by Notice of Updates
(Made 11th February 2020). February 2020 Edition