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A Fixed Penalty Regime (FPN) is coming. Put very simply, it works as follows:

1. Breach occurs

2. DFSA issues an FPN.

3. Pay the penalty (maximum US$ 50,000) and remedy the breach.

4. If you do 3, DFSA doesn’t sanction you. No public censure and no fine.

5. If you don’t do 3, DFSA can launch enforcement proceedings (i.e. not good news)

   
   

   Read more here.

   
   

   This episode is also available as a blog post: https://riffle.beehiiv.com/p/lets-talk-penalties