DFSA imposed an administrative censure against Mr Samir Madison-Jammal, a former Authorised Individual of a Firm authorised by the DFSA to provide financial services in the Dubai International Financial Centre (DIFC). The censure arose as a consequence of Mr Madison-Jammal’s failure to notify the DFSA of a material change in the application by the Firm for the granting of its license to provide financial services in the DIFC. Mr Madison-Jammal is also censured for being knowingly and directly concerned in the failure of the Firm to have mandatory appointments in place from the date of its Licensing in 2009.
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