GENE 2.3.1 What Regulatory Authority will consider

In considering the fitness and propriety of an applicant or authorised firm, the Regulatory Authority will consider:

(a) the applicant's or authorised firm's connection with its controllers as outlined in FSR and GENE chapter 8;
(b) the applicant's or authorised firm's close links with another person or connection with any other person including any person appearing to be, or likely to be in a contractual relationship with the applicant or authorised firm;
(c) the nature of the regulated activities concerned;
(d) whether the applicant's or authorised firm's affairs will be or are conducted and managed in a sound and prudent manner;
(e) the location and jurisdiction of the applicant or authorised firm's head office and registered office and the location and jurisdiction of its parent entity;
(f) the legal form that the applicant intends to adopt in light of the location of its offices and of the regulated activities concerned; and
(g) any other relevant matters including those contained in GENE Schedule 1.
Amended by QFCRA RM/2015-3 and Editorial changes (as from 1st January 2016).