Application

1.7 This Manual is relevant to licensed persons in ADGM and other persons including potential applicants, advisors, directors, receivers and promotors of companies, insolvency practitioners and interested parties. The Manual sets out:
a. the Registration Authority’s decision making procedure for giving warning notices, decision notices and supervisory notices pursuant to CR 2020 and CLR 2015 (collectively referred to as “statutory notices”);
b. the Registration Authority’s policy with respect to exercising own initiative action to vary (narrow) the scope of a commercial licence;
c. the Registration Authority’s policy with respect to the imposition of financial penalties under CLR 2015;
d. the Registration Authority’s policy with respect to suspending, limiting or restricting a commercial licence; and
e. the Registration Authority’s policy with respect to cancellation of a commercial licence.