Regulatory Alerts2023-04-18
DFSA Notice of Consultation Paper Release – Fixed Penalty Notices
The Dubai Financial Services Authority has released Consultation Paper No. 149 to propose a standardized framework for issuing Fixed Penalty Notices against regulated entities and individuals. The paper details the specific regulatory breaches subject to fixed penalties, establishes clear monetary thresholds, and outlines the administrative appeal process. Regulated firms must submit written feedback on these proposed measures by 17 July 2023 to influence the final regulatory amendments.
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18 Apr 2023, 12:54 pm
Notice of Consultation Paper Release
TAKE NOTICE THAT:
The DFSA has released the following for consultation:
Consultation Paper No. 149 – Fixed Penalty Notices
The deadline for providing comments on this Consultation Paper is 17 July 2023 .
These papers can be viewed on the DFSA website or by clicking on the above links.
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