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ADGM LEGAL FRAMEWORK

  • ABU DHABI GLOBAL MARKET
    • FEDERAL LAW NO (8) OF 2004
    • FEDERAL DECREE NO (15) OF 2013
    • CABINET RESOLUTION NO (4) OF 2013
    • CABINET RESOLUTION NO. 28 OF 2007
    • ABU DHABI LAW NO. (4) OF 2013
    • ABU DHABI LAW NO. (12) OF 2020
    • ADGM LEGAL FRAMEWORK
    • ADGM COURTS PROCEDURES
    • GUIDANCE & POLICY STATEMENTS
      • FSRA
        • General
          • Guidance & Policies Manual (GPM) [03 February 2020]
            • 1. Introduction
            • 2. Becoming Regulated
            • 3. Supervision: Being Regulated
            • 4. Supervisory And Enforcement Powers
            • 5. Enforcement
            • 6. Penalty Guidance
              • 6.1 Approach to imposing a penalty
              • 6.2 Deciding to take action
              • 6.3 Financial penalty, public censure or other enforcement action
              • 6.4 Determining the appropriate level of financial penalty
              • 6.5 Financial penalties imposed on a firm
              • 6.6 Financial penalties imposed on an individual
              • 6.7 Serious financial hardship
              • 6.8 Adjustment for cooperation/early settlement
            • 7. Decision Making
            • 8. Waivers And Modification
          • FSRA Confidentiality Policy [18 April 2019]
          • Guidance on Joint Guidance on the treatment of IFRS 9 Expected Credit Loss provisions in the UAE in the context of the COVID-19 crisis [5 April 2020]
        • Digital Assets
        • Funds and Investment Management
        • FinTech
        • Alternative Financing/Funding
      • RA
    • PUBLIC CONSULTATION PAPERS
    • NOTICES OF PUBLICATION
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Breadcrumb

  1. ABU DHABI GLOBAL MARKET
  2. GUIDANCE & POLICY STATEMENTS
  3. FSRA
  4. General
  5. Guidance & Policies Manual (GPM) [03 February 2020]
  6. 6. Penalty Guidance
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  • Jun 16 2016 - Jun 15 2016
  • Jun 16 2016 - Jun 15 2016
  • Jun 16 2016
‹ 5.21.11 6.1 Approach to imposing a penalty ›

6. Penalty Guidance

  • 6.1 Approach to imposing a penalty
    • 6.1.1
    • 6.1.2
  • 6.2 Deciding to take action
    • 6.2.1
    • Actions against Approved Persons and Recognised Persons
  • 6.3 Financial penalty, public censure or other enforcement action
    • 6.3.1
    • 6.3.2
    • 6.3.3
  • 6.4 Determining the appropriate level of financial penalty
    • 6.4.1
    • 6.4.2
    • 6.4.3
    • 6.4.4
    • 6.4.5
    • 6.4.6
  • 6.5 Financial penalties imposed on a firm
    • Step 1: Disgorgement
    • Step 2: The seriousness of the contravention
    • Step 3: Mitigating and aggravating factors
    • Step 4: Adjustment for deterrence
    • Step 5: Adjustment for cooperation/early settlement
  • 6.6 Financial penalties imposed on an individual
    • Step 1: Disgorgement
    • Step 2: The seriousness of the contravention
    • Step 3: Mitigating and aggravating factors
    • Step 4: Adjustment for deterrence
    • Step 5: Adjustment for cooperation/ early settlement
  • 6.7 Serious financial hardship
    • 6.7.1
    • 6.7.2
    • Individuals
    • Firms
    • Withdrawal of authorisation or registration
  • 6.8 Adjustment for cooperation/early settlement
    • 6.8.1
    • 6.8.2
    • 6.8.3
    • 6.8.4
‹ 5.21.11 6.1 Approach to imposing a penalty ›
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