Versions

 

Withdrawal of Licence

24. Without limiting any other grounds on which it may act, the DFSA may take action to withdraw a restricted Licence at any time if the Fintech operator:
(a) is no longer fit and proper to hold a Licence;
(b) has breached any restrictions or conditions imposed on the Licence;
(c) has breached the Law or any Rules;
(d) is not carrying on testing under the Licence as set out in its Test Plan; or
(e) has completed its testing but has not promptly taken steps either to apply to remove the restrictions or to withdraw its Licence.
Derived from DFSA GMI11/2017 (Made 24th May 2017) [VER39/05-17]