Consequences of regulatory breach
6. What are the potential consequences for breaching financial services rules on cloud outsourcing?

Breaches of the General Rulebook provisions of the Dubai Financial Services Authority ("DFSA") relating to outsourcing do not give rise to any specific administrative fines. However, the DFSA has a wide range of disciplinary measures at its disposal, including audits, specific orders, formal warnings to senior executives, requests for the removal of senior executives and, in the case of serious breaches, suspension or withdrawal of an entity's DFSA license.

Noncompliance with the guidelines is unlikely to lead to sanctions being imposed by the DFSA or any other civil, criminal or administrative sanctions, as they are not intended to be mandatory or binding on financial institutions licensed by the DFSA.