Article 54 - Financial Penalties

Where a Non-QFC Limited Liability Partnership fails to comply with any provision of this Part 10 and no other financial penalty is provided in these Regulations, the Non-QFC Limited Liability Partnership, its Members and any person who appears to the Regulatory Tribunal to be in charge of its affairs in the QFC shall be liable if so ordered by the Regulatory Tribunal to pay the financial penalties prescribed by the CRO.

Amended by QFCA RM2012-1 (as from 11th April 2012)