RPP 7-3-1

The key elements of DFSA's approach to decision making include:

(a) having in place adequate systems and controls to ensure that those making decisions, on behalf of the DFSA, are impartial and not affected by conflicts of interests that may affect their decisions;
(b) giving a person in respect of whom the DFSA proposes to make a decision (the "affected person") advance notice about the DFSA's proposed action (with the exception of cases when the DFSA may take immediate action because any delay resulting from advance notice would be prejudicial to the interests of direct or indirect users of financial services in the DIFC or otherwise prejudicial to the interests of the DIFC);
(c) giving the affected person clear reasons why the DFSA proposes to take the relevant action;
(d) giving the affected person a suitable opportunity to make representations (in person and in writing) with regard to the DFSA's proposed action;
(e) taking into account any representations made by the affected person before making a final decision, i.e. making any consequential changes to the proposed action given the representations made or other additional material available to the DFSA, as appropriate;
(f) taking into account only those considerations which are relevant to the matter to be decided upon;
(g) giving, without undue delay, the affected person a clear statement in writing of the DFSA's final decision, the reasons for that decision and the effective date;
(h) informing the affected person what rights of review that person has in respect of the DFSA's decision, and within what period those rights of review must be exercised; and
(i) having in place adequate mechanisms to enable the affected person to have the DFSA decision properly and impartially reviewed.
Inserted (Made 21st August 2014). August 2014 Edition