1. The Licensed Person shall notify the Authority of any close links, provided that such notification includes: a. Confirmation that such links do not affect the Authority’s supervision or oversight; b. Evidence that the Person intended to establish the link meets the fitness and propriety standards prescribed by the Authority. 2. The Licensed Person shall provide the Authority with documents and information relating to such close links upon request and within the period specified by the Authority. 3. The Authority may request the termination or amendment of such close links if it deems them inconsistent with the required standards, including fitness and propriety standards, licensing requirements, or the requirements applicable to Capital Market Institutions, or if it considers that such links impede the Authority’s supervision and oversight. The Authority shall have the power to take any measures or impose penalties it deems appropriate, including revocation of the license if the Licensed Person fails to comply with the Authority’s decisions. 4. For the purposes of this Decree by Law and the Relevant Legislation, “close links” shall refer to those existing between the Licensed Person and any company within its financial group, or links between the Licensed Person and any other entity owning or owned by the Licensed Person, to the extent specified by a decision issued by the Authority.
Interpretation and application must be checked against the official text and current version.