Third party rights
5.21 Where a decision notice has been given to a person following the settlement of an enforcement action with that person, the Registration Authority is required under section 52 of CLR 2015 to consider the effect of the decision on third party rights.
5.22 Generally, if a decision notice identifies a third party a copy of the notice must be given to the third party unless it is impractical to do so. Third parties have the right to make representations and ultimately can refer the matter to the ADGM Courts.
5.23 It is therefore important that any settlement reached with the Registration Authority takes account of the position of any third party.