Publication of own-initiative action
Past version: effective from 21/07/2020 - 17/02/2021
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7.20 The Registration Authority may take action on its own-initiative against licensed persons under sections 13 and 14 of CLR. Further details about the Registration Authority’s policy and procedure on own-initiative action is set out in Chapter 6 of this Manual.
7.21 Where the Registration Authority exercises its power to take action on its own-initiative it must give a statutory notice under sections 19 and 20. Therefore the Registration Authority’s approach to publicising own-initiative action follows the policy set out in paragraphs 7.10 to 7.16 (see ‘Publication of decision notices and supervisory notices’ section, above).
7.22 Where the Registration Authority exercises its power to take action on its own-initiative, the licensed person to which that action relates has the right to refer the matter to the ADGM Courts. Where a referral is made to the Court, the Registration Authority follows its policy in relation to publication of matters subject to proceedings, as set out in paragraphs 7.17 and 7.18 (see ‘Publication about proceedings’ section, above).