In appropriate cases the DFSA's approach will be to offer the Person concerned the opportunity to settle.The DFSA will set clear and reasonable timetables for settlement discussions to ensure they do not unreasonably delay a regulatory or enforcement outcome. In most cases, the DFSA will specify that a Person has 28 days in which to reach agreement with the DFSA. If settlement is agreed within the 28 day period, or such other period allowed by the DFSA, the DFSA will apply a 30% discount to the amount of the financial penalty.
Inserted (Made 21st August 2014). August 2014 Edition
Amended by Notice of Updates
(Made 11th February 2020). February 2020 Edition