MIR 6.8.4

The Regulator would be likely to consider the conditions in Rule 6.8.3(b) or Rule 6.8.3(c) to be triggered in the following circumstances:

(a) the Recognised Body appears not to have the resources or management to be able to organise its affairs so as to satisfy one or more of the Recognition Requirements; or
(b) the Recognised Body does not appear to be willing to satisfy one or more of the Recognition Requirements; or
(c) the Recognised Body is failing or has failed to comply with a direction made by the Regulator; or
(d) the Recognised Body has ceased to carry out Regulated Activities in the Abu Dhabi Global Market, or has so changed the nature of its business that it no longer satisfies one or more of the Recognition Requirements in respect of the Regulated Activities for which Recognised Body status is relevant.