Guidance & Policies Manual (GPM) [03 February 2020]
- 1. Introduction
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2. Becoming Regulated
- 2.1 Our approach to authorisation
- 2.2 Assessing the fitness and propriety of applicants
- 2.3 Assessing the fitness and propriety of Approved Persons, Recognised Persons and Principal Representatives
- 2.4 Waivers during authorisation
- 2.5 Start-up entities in the ADGM
- 2.6 Application for carrying out a Regulated Activity with or for a Retail Client
- 2.7 Application to conduct Islamic Financial Business
- 2.8 Application to be a Representative Office
- 2.9 Application for a withdrawal of Financial Services Permission
- 3. Supervision: Being Regulated
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4. Supervisory And Enforcement Powers
- 4.1 Introduction
- 4.2 Power to request information and documents
- 4.3 Power to require a report
- 4.4 Power to impose requirements on a firm or Recognised Body
- 4.5 Power to cancel a Financial Services Permission or revoke recognition
- 4.6 Power to impose conditions on the status of an Approved Person
- 4.7 Power to withdraw the status of an Approved Person
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5. Enforcement
- 5.1 Our approach to enforcement
- 5.2 Enforcement framework
- 5.3 Step 1 — Assessment of complaints and referrals
- 5.4 Step 2 — Commencement of investigations
- 5.5 Step 3 — Information gathering
- 5.6 Power to enter the premises for the purposes of an investigation
- 5.7 Step 4 — Analysis of information provided
- 5.8 Step 5 — Assessment of Remedies
- 5.9 Financial penalties
- 5.10 Public censure
- 5.11 Private warnings
- 5.12 Injunctions and orders
- 5.13 Actions for damages
- 5.14 The compulsory winding-up of a regulated entity
- 5.15 Injunctions and restitution orders in cases of market abuse
- 5.16 Intervention power
- 5.17 Settlement guidance
- 5.18 Costs
- 5.19 Step 5 — Conclusion of an investigation
- 5.20 Publicity
- Disclosure of decisions
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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
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8. Waivers And Modification
- 8.1 Introduction
- 8.2 Power to issue relief
- 8.3 Making an application
- 8.4 Considering an application
- 8.5 Publication of waivers and modifications
- 8.6 Withdrawal or variation of waivers and modifications
- 8.7 Enforcement of waivers and modifications
- 8.8 Expiry and extension of current waivers and modifications