• GEN 8.4.1 GEN 8.4.1

    An Authorised Person seeking to have its Financial Services Permission withdrawn must submit a request in writing stating:

    (a) the reasons for the request;
    (b) that it has ceased or will cease to carry on Regulated Activities in or from the ADGM;
    (c) the date on which it ceased or will cease to carry on Regulated Activities in or from the ADGM;
    (d) that it has discharged, or will discharge, all obligations owed to its Customers in respect of whom the Authorised Person has carried on, or will cease to carry on, Regulated Activities in or from the ADGM; and
    (e) if it is Providing Trust Services, that it has made appropriate arrangements for the transfer of business to a new Trust Service Provider and the appointment, where necessary, of new trustees.

    • Guidance

      When considering a withdrawal of a Financial Services Permission, the Regulator takes into account a number of matters including those outlined in the GPM.