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  • Public Consultation

    Legal Framework Public Consultations

    ADGM uses Public Consultations to publish proposed amendments to policy and legislation, and invites both market participants and other parties to provide comments on its proposals.

    2024 2023 2022 2021 2020 2019 2018 2017 2016 2015

    Consultation Paper No 10 of 2024 - Proposed Miscellaneous Amendments to FSRA Regulations, Rules and Guidance

    Consultation Closing Date: 10 December 2024 Status: open Updated on: 12 November 2024

    The Financial Services Regulatory Authority has published this Consultation Paper setting out proposed miscellaneous amendments to its administered Regulations, Rules and Guidance.

    Consultation Paper No. 10 of 2024 - Proposed Miscellaneous Amendments to FSRA Regulations, Rules and Guidance
    Annex A - Proposed amendments to Financial Services and Markets Regulations
    Annex B - Proposed amendments to FEES
    Appendix 1 - Proposed amendments to AML
    Appendix 2 - Proposed amendments to CIB
    Appendix 3 - Proposed amendments to COBS
    Appendix 4 - Proposed amendments to FUNDS
    Appendix 5 - Proposed amendments to GEN
    Appendix 6 - Proposed amendments to GLO
    Appendix 7 - Proposed amendments to IFR
    Appendix 8 - Proposed amendments to MIR
    Appendix 9 - Proposed amendments to MKT
    Appendix 10 - Proposed amendments to PIN
    Appendix 11 - Proposed amendments to PRU
    Attachment 1 - Proposed amendments to GPM
    Attachment 2 - Proposed amendments to VA Guidance

    Consultation Paper No 9 of 2024 - Proposed Enhancements to the Regulatory Framework of the FSRA

    Consultation Closing Date: 28 November 2024 Status: open Updated on: 29 October 2024

    The Financial Services Regulatory Authority (the “FSRA” or “we”), the financial services regulator for Abu Dhabi Global Market (“ADGM”), is approaching ten years of operations and considers this an opportune moment to take stock of our regulatory framework for financial services.

    Consultation Paper No. 9 of 2024 - Proposed Enhancements to the Regulatory Framework of the FSRA
    Appendix 1 - Proposed Amendments to PRU
    Appendix 2 - Proposed Amendments to GEN
    Appendix 3 - Proposed Amendments to GLO
    Appendix 4 - Proposed Amendments to GPM

    Consultation Paper No. 8 of 2024 - Proposal for a Commercial Permits Framework

    Consultation Closing Date: 29 September 2024 Status: closed Updated on: 05 September 2024

    The Abu Dhabi Global Market (“ADGM”) Registration Authority (“RA”) has issued this Consultation Paper to invite public feedback and comments on a proposal to introduce a comprehensive regulatory framework for the issuance of commercial permits, as well as the introduction of new subordinate rules concerning commercial permits for the sale of alcohol and shisha within ADGM.

    Consultation Paper No. 8 of 2024 - Proposal for a Commercial Permits Framework
    Annex A - Commercial Permits Regulations 2024
    Appendix 1 - Commercial Permits Regulations (Alcohol) Rules 2024
    Appendix 2 - Commercial Permits Regulations (Shisha) Rules 2024
    Appendix 3 - Commercial Permits Regulations (Fees) Rules 2024

    Consultation Paper No. 7 of 2024 - Proposed Regulatory Framework for the Issuance of Fiat-Referenced Tokens

    Consultation Closing Date: 03 October 2024 Status: closed Updated on: 20 August 2024

    The Financial Services Regulatory Authority ("FSRA") of the Abu Dhabi Global Market ("ADGM") has issued this consultation paper to invite public feedback and comments on its proposed introduction of a specific regulatory framework that would enable the issuance of “fiat-referenced tokens” (“FRTs”) from the ADGM.

    Consultation Paper No. 7 of 2024 - Proposed Regulatory Framework for the Issuance of Fiat-Referenced Tokens
    Annex A - Proposed amendments to the Financial Services and Markets Regulations
    Annex B - Proposed amendments to the Fees Rules
    Appendix 1 - Proposed amendments to the Conduct of Business Rulebook
    Appendix 2 - Proposed amendments to the Prudential - Investment, Insurance Intermediation and Banking Rules
    Appendix 3 - Proposed amendments to the Glossary

    Consultation Paper No. 6 of 2024 - Employment Regulations

    Consultation Closing Date: 26 August 2024 Status: closed Updated on: 26 July 2024

    The Abu Dhabi Global Market (“ADGM”) Registration Authority (“RA”) has issued this Consultation Paper to invite public feedback and comments on proposed amendments to the Employment Regulations 2019 (the “Regulations”).

    Consultation Paper No. 6 of 2024 - Employment Regulations
    Annex A - Proposed Employment Regulations 2024
    Annex B - Proposed Employment Regulations 2024 (editorial blackline)

    Consultation Paper No. 5 of 2024 - Single Family Offices and Company Charges

    Consultation Closing Date: 14 July 2024 Status: closed Updated on: 14 June 2024

    The Abu Dhabi Global Market (“ADGM”) Registration Authority (“RA”) has issued this Consultation Paper to invite public feedback and comments on proposed amendments concerning (1) charges against continuing companies and (2) Single Family Offices and RSCs

    Consultation Paper No. 5 of 2024 - SFOs and Company Charges
    Annex A - Companies Regulations Amendment No.2 2024
    Appendix 1 - Commercial Licensing Regulations Controlled Activities Rules 2024
    Appendix 2 - Commercial Licensing Regulations Conditions of Licence and Branch Registration Rules 2024

    Consultation Paper No. 4 of 2024 - Enhancements to the Real Property Regulations and Introduction of Frameworks for Off-Plan Development and Registration of Professionals

    Consultation Closing Date: 19 June 2024 Status: closed Updated on: 27 May 2024

    The Abu Dhabi Global Market (“ADGM”) Registration Authority (“RA”) has issued this Consultation Paper to invite public feedback and comments on proposed amendments to ADGM’s Real Property Regulations 2015, as well as the introduction of certain new regulations and rules introducing frameworks for off-plan development and registration of off-plan and real property professionals.

    Consultation Paper No. 4 of 2024 - Enhancements to the Real Property Regulations and Introduction of Frameworks for Off-Plan Development and Registration of Professionals
    Annex A - Real Property Regulations
    Annex B - Off-Plan Development Regulations 2024
    Annex C - Off-Plan and Real Property Professionals Regulations 2024
    Appendix 1 - Off-Plan Development Regulations Rules 2024

    Discussion Paper No. 1 of 2024 - Enhancing the Sustainable Finance Regulatory Framework for ADGM

    Consultation Closing Date: 19 July 2024 Status: closed Updated on: 20 May 2024

    The Financial Services Regulatory Authority and the Registration Authority of Abu Dhabi Global Market have jointly issued this Discussion Paper to seek views on proposals for the continued development of ADGM’s regulatory framework for sustainable finance.

    Discussion Paper No. 1 of 2024 - Enhancing the Sustainable Finance Regulatory Framework for ADGM
    Guidance on ESG Funds and Model Portfolios in ADGM

    Consultation Paper No. 3 of 2024 - Proposal concerning Registration of certain Trusts Particulars

    Consultation Closing Date: 21 April 2024 Status: closed Updated on: 27 March 2024

    The Abu Dhabi Global Market (“ADGM”) Registration Authority (“RA”) has issued this Consultation Paper to invite public feedback and comments on proposed amendments to the Beneficial Ownership and Control Regulations 2022 (“BOCR 2022”) concerning the proposed requirement of registering certain particulars of express trusts with the Registrar.

    Consultation Paper No. 3 of 2024 - Proposal concerning Registration of certain Trusts Particulars
    Annex A - Proposed Beneficial Ownership and Control Regulations (Amendment No. 2) 2024
    Annex B - Proposed Limited Liability Partnership Regulations (Amendment No. 1) 2024
    Attachment 1 - Blackline of Beneficial Ownership and Control Regulations 2022

    Consultation Paper No. 2 of 2024 - Proposals for Whistleblowing Framework for the Abu Dhabi Global Market

    Consultation Closing Date: 30 April 2024 Status: closed Updated on: 07 March 2024

    The Registration Authority (“RA”) and the Financial Services Regulatory Authority (“FSRA”) of the Abu Dhabi Global Market (“ADGM”) have jointly issued this consultation paper to seek views on their proposal to introduce a regulatory framework to protect good faith whistleblowers making specified disclosures to stipulated recipients (a “Protected Disclosure”).

    Consultation Paper No. 2 - Proposals for Whistleblowing Framework for the Abu Dhabi Global Market
    Annex A - Proposed Whistleblowing Regulations 2024
    Annex B - Proposed Amendments to Employment Regulations 2019
    Appendix 1 - Proposed Amendments to the General Rulebook
    Appendix 2 - Proposed Amendments to the Market Infrastructure Rulebook
    Attachment 1 - Proposed Amendments to the Guidance and Policy Manual

    Consultation Paper No. 1 of 2024 - Proposed Enhancements to the RA's Investigative Powers

    Consultation Closing Date: 17 March 2024 Status: closed Updated on: 29 February 2024

    The Abu Dhabi Global Market (“ADGM”) Registration Authority (“RA”) has issued this Consultation Paper to invite public feedback and comments on proposed amendments to the Commercial Licensing Regulations 2015 (“CLR 2015”) that will enhance the RA’s investigative powers.

    Consultation Paper No. 1 - Proposed Enhancements to the RA's Investigative Powers
    Annex A - Proposed CLR (Amendment No. 1) 2024

    Discussion Paper No. 1 of 2023 - IT Risk Management

    Consultation Closing Date: 09 February 2024 Status: closed Updated on: 29 November 2023

    The Financial Services Regulatory Authority ("FSRA") of Abu Dhabi Global Market ("ADGM") is issuing this discussion paper (“Discussion Paper”) to seek views on its initiatives to enhance information technology (“IT”) risk management practices in authorised firms, where this term covers both Authorised Persons and Recognised Bodies in this Discussion Paper.

    Discussion Paper No. 1 of 2023 – IT Risk Management
    Attachment 1 - Guidance on Information Technology Risk Management

    Consultation Paper No. 4 of 2023 - Proposals for Revisions to Fees and Recognised Functions

    Consultation Closing Date: 06 November 2023 Status: closed Updated on: 06 October 2023

    The Financial Services Regulatory Authority ("FSRA") of Abu Dhabi Global Market ("ADGM") has issued this consultation paper to invite public feedback and comments on its proposed amendments, primarily to the Fees Rules (“FEES”) and the General Rulebook (“GEN”), also including other Rulebooks and the Financial Services and Markets Regulations (“FSMR”).

    Consultation Paper No. 4 of 2023 - Proposals for Revisions to Fees and Recognised Functions
    Annex A - Proposed amendments to Financial Services and Markets Regulations
    Appendix 1 - Proposed amendments to FEES
    Appendix 2 - Proposed amendments to AML
    Appendix 3 -Proposed amendments to GEN
    Appendix 4 -Proposed amendments to GLO
    Appendix 5 -Proposed amendments to IFR
    Appendix 6 - Proposed amendments to MIR

    Consultation Paper No. 3 of 2023 - Proposal for a Legislative Framework for Distributed Ledger Technology Foundations

    Consultation Closing Date: 12 May 2023 Status: closed Updated on: 13 April 2023

    The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has issued this Consultation Paper to seek views on its proposed new framework for foundations that facilitate distributed ledger technology (DLT) and token issuance (DLT Foundations).

    Consultation Paper No. 3 of 2023 - Proposal for a Legislative Framework for Distributed Ledger Technology Foundations
    Annex A - Proposed Distributed Ledger Technology Foundations Regulations 2023
    Appendix 1 - Proposed Distributed Ledger Technology Foundations Regulations (Fees) Rules 2023
    Appendix 2 - Proposed Distributed Ledger Technology Foundations Regulations (International Accounting Standards) Rules 2023

    Consultation Paper No. 2 of 2023 - Proposed Enhancements to Client Classification, Client Assets and Conduct Requirements

    Consultation Closing Date: 25 May 2023 Status: closed Updated on: 30 March 2023

    The Financial Services Regulatory Authority ("FSRA") of Abu Dhabi Global Market ("ADGM") has issued this consultation paper to invite public feedback and comments on its proposed amendments to the Conduct of Business Rulebook (“COBS”), the General Rulebook (“GEN”) and the Glossary (“GLO”), accompanied by concurrent changes to the Financial Services and Markets Regulations (“FSMR”) concerning Client classification, marketing materials, the disclosure of fees and charges to Retail Clients, treatment of Client Assets and the Regulated Activity of Providing Custody.

    Consultation Paper No. 2 of 2023 - Proposed Enhancements to Client Classification, Client Assets and Conduct Requirements
    Annex A - Proposed amendments to Financial Services and Markets Regulations
    Appendix 1 - Proposed amendments to COBS
    Appendix 2 - Proposed amendments to GLO
    Appendix 3 - Proposed amendments to GEN

    Consultation Paper No. 1 of 2023 - Principles for the Effective Management of Climate-Related Financial Risks

    Consultation Closing Date: 01 May 2023 Status: closed Updated on: 28 March 2023

    The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), together with other members of the UAE Sustainable Finance Working Group, has issued draft “Principles for the Effective Management of Climate-Related Financial Risks” for consultation. [Principles issued by the FSRA are not to be considered as Regulations or Rules issued by it.]

    Consultation Paper No. 1 of 2023 - Principles for the Effective Management of Climate-Related Financial Risks
    Draft “Principles for the Effective Management of Climate-Related Financial Risks”
    Feedback Form

    Consultation Paper No. 8 of 2022 - Proposed Regulatory Framework for Private Credit Funds

    Consultation Closing Date: 27 January 2023 Status: closed Updated on: 12 December 2022

    The Financial Services Regulatory Authority ("FSRA") of Abu Dhabi Global Market ("ADGM") has issued this consultation paper to invite public feedback and comments on its proposed introduction of a specific regulatory framework, the “Private Credit Fund Framework”, that would enable Funds and their respective Fund Managers to originate and invest in Credit. Defined terms contained in this consultation paper have the meanings attributed to them in the FSRA’s Glossary Rulebook (“GLO”), unless otherwise defined in this paper.

    Consultation Paper No. 8 of 2022 - Proposed Regulatory Framework for Private Credit Funds
    Annex A - Proposed amendments to Financial Services and Markets Regulations
    Appendix 1 - Proposed amendments to FUNDS
    Appendix 2 - Proposed amendments to GLO
    Appendix 3 - Proposed amendments to IFR
    Appendix 4 - Proposed amendments to MKT
    Attachment 1 - Proposed Supplementary Guidance - Private Credit Funds

    Consultation Paper No. 7 of 2022 - Amendments to the ADGM’s Company Service Provider Regulatory Framework

    Consultation Closing Date: 20 December 2022 Status: closed Updated on: 25 November 2022

    The Abu Dhabi Global Market (“ADGM”) Registration Authority (“RA”) has issued this Consultation Paper to invite public feedback and comments on proposed amendments to a number of ADGM commercial regulations and rules relating to corporate service providers (“CSPs”) licensed in the ADGM.

    Consultation Paper No. 7 of 2022 - Amendments to the ADGM’s Company Service Provider Regulatory Framework
    Annex A - Proposed amendments to Companies Regulations 2022
    Annex B - Proposed amendments to Foundations Regulations 2017
    Appendix 1 - Proposed amendments to Commercial Licensing Regulations (Conditions of Licence and Branch Registration) Rules 2022
    Appendix 2 - Proposed amendments to Limited Liability Partnerships Rule 2022

    Consultation Paper No. 6 of 2022 - Proposals for a Sustainable Finance Regulatory Framework

    Consultation Closing Date: 23 January 2023 Status: closed Updated on: 08 November 2022

    The Financial Services Regulatory Authority (“FSRA”) and the Registration Authority (“RA”) of Abu Dhabi Global Market (“ADGM”) have jointly issued this Consultation Paper to seek views on their proposals for a regulatory framework for sustainable finance (the “Framework”).

    Feedback Statement for Sustainable Finance Regulatory Framework
    Consultation Paper No. 6 of 2022 - Proposals for a Sustainable Finance Regulatory Framework
    Annex A - Proposed amendments to Companies Regulations 2020
    Annex B - Proposed amendments to Financial Services and Markets Regulations
    Appendix 1 - Proposed amendments to COBS
    Appendix 2 - Proposed amendments to FUNDS
    Appendix 3 - Proposed amendments to MKT
    Appendix 4 - Proposed amendments to GLO
    Attachment 1 - Proposed Supplementary Guidance: “Environmental, Social and Governance Disclosures Guidance”
    Attachment 2 - Proposed Supplementary Guidance: “Sustainable Finance Supplementary Guidance”

    Consultation Paper No. 5 of 2022 - Proposals for Dealing in OTC Leveraged Products in Relation to Retail Clients

    Consultation Closing Date: 28 October 2022 Status: closed Updated on: 26 September 2022

    The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) is undertaking a public consultation to seek views on proposed amendments to the Conduct of Business Rules (“COBS”), the Prudential – Investment, Insurance Intermediation and Banking Rules (“PRU”) and those relating to fees (“FEES”) for Authorised Persons.

    Consultation Paper No. 5 of 2022 - Proposals for Dealing in OTC Leveraged Products in Relation to Retail Clients
    Appendix 1 - Proposed amendments to COBS
    Appendix 2 - Proposed amendments to PRU
    Appendix 3 - Proposed amendments to FEES
    Appendix 4 - Proposed amendments to GLO
    Attachment 1 - Proposed Supplementary Guidance – Regulatory Framework for Authorised Persons dealing in OTC Leveraged Products for Retail Clients

    Consultation Paper No. 4 of 2022 - Proposal to Enhance the Framework Regulating Insolvency Practitioners

    Consultation Closing Date: 23 June 2022 Status: closed Updated on: 09 June 2022

    The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has issued this Consultation Paper to seek views on its proposed enhancements to its insolvency practitioner framework.

    Consultation Paper No. 4 of 2022 - Proposal to Enhance the Framework Regulating Insolvency Practitioners
    Annex A - Proposed Insolvency Regulations 2022
    Appendix 1 - Proposed new Insolvency Regulations (Insolvency Practitioner) Rules 2022
    Appendix 2 - Proposed new Insolvency Regulations (Insolvency Practitioner Fees) Rules 2022
    Appendix 3 - Proposed amendments to Commercial Licensing Regulations (Conditions of Licence and Branch Registration) Rules 2021
    Appendix 4 - Proposed amendments to Commercial Licensing Regulations (Controlled Activities) Rules 2021
    Appendix 5 - Proposed amendments to Commercial Licensing Regulations (Exemption) Order 2021

    Consultation Paper No. 3 of 2022 - Proposed Changes to ADGM Commercial Legislation

    Consultation Closing Date: 23 June 2022 Status: closed Updated on: 21 March 2022

    The Abu Dhabi Global Market (“ADGM”) Registration Authority (“RA”) has issued this Consultation Paper to invite public feedback and comments on proposed amendments to a number of ADGM commercial regulations and rules, as well as the introduction of certain new rules.

    Consultation Paper No. 3 of 2022 - Proposed Changes to ADGM Commercial Legislation
    Annex A - Proposed Beneficial Ownership and Control Regulations (Amendment No.1) 2022
    Annex B - Proposed Companies Regulations 2022
    Annex C - Proposed Commercial Licensing Regulations (Amendment No.1) 2022
    Annex D - Proposed Data Protection Regulations (Amendment No. 1) 2022
    Annex E - Proposed Employment Regulations (Amendment No.1) 2022
    Annex E - Proposed Foundations Regulations (Amendment No.1) 2022
    Annex G - Proposed Limited Liability Partnerships Regulations (Amendment No.1) 2022
    Appendix 1 - Proposed Beneficial Ownership and Control Regulations (Fees) Rules 2022
    Appendix 2 - Proposed Commercial Licensing Regulations (Conditions of Licence and Branch Registration) Rules 2022
    Appendix 3 - Proposed Commercial Licensing Regulations (Fees) Rules 2022
    Appendix 4 - Proposed Commercial Licensing Regulations (Fees) Rules 2022
    Appendix 5 - Proposed Commercial Licensing Regulations (Fines) Rules 2022
    Appendix 6 - Proposed Data Protection Regulations (Fines) Rules 2022
    Appendix 7 - Proposed Employment Regulations (Engaging Non-Employees) Rules 2022
    Appendix 8 - Proposed Employment Regulations (Fees) Rules 2022
    Appendix 9 - Proposed Foundations Regulations (Fees) Rules 2022
    Appendix 10 - Proposed Limited Liability Partnerships Regulations (Fees) Rules 2022
    Appendix 11 - Proposed Limited Liability Partnerships Rules 2022

    Discussion Paper No. 1 of 2022 - Policy Considerations for Decentralised Finance

    Consultation Closing Date: 30 June 2022 Status: closed Updated on: 13 April 2022

    The Financial Services Regulatory Authority (“FSRA“) of Abu Dhabi Global Market (“ADGM“) is issuing this discussion paper to seek comments on policy considerations for Decentralized Finance (“DeFi”).

    Discussion Paper No. 1 of 2022 - Policy Considerations for Decentralised Finance

    Consultation Paper No. 2 of 2022 - Proposals for Revised Fees for Late Regulatory Filings

    Consultation Closing Date: 18 April 2022 Status: closed Updated on: 23 March 2022

    The Financial Services Regulatory Authority (“FSRA“) of Abu Dhabi Global Market (“ADGM“) has issued this consultation paper to seek views on proposed amendments to the FEES Rules for Authorised Persons, Recognised Bodies, and Designated Non-Financial Businesses or Professions.

    Paper No. 2 of 2022 - Proposals for Revised Fees for Late Regulatory FilingsConsultation
    Appendix 1 - Proposed amendments to FEES
    Appendix 2 - Proposed amendments to PRU
    Appendix 3 - Proposed amendments to PIN
    Appendix 4 - Proposed amendments to GLO

    Consultation Paper No. 1 of 2022 - Proposals for Enhancements to Capital Markets and Virtual Assets in ADGM

    Consultation Closing Date: 20 May 2022 Status: closed Updated on: 21 March 2022

    The Financial Services Regulatory Authority (“FSRA”) of Abu Dhabi Global Market (“ADGM“) has issued this Consultation Paper to seek views on significant proposed enhancements to its Capital Markets and the Virtual Asset regulatory framework.

    Consultation Paper No. 1 of 2022 - Proposals for Enhancements to Capital Markets and Virtual Assets in ADGM
    Annex A: Proposed amendments to Financial Services and Markets Regulations (FSMR)
    Appendix 1: Proposed amendments to GEN
    Appendix 2: Proposed amendments to MKT
    Appendix 3: Proposed amendments to COBS
    Appendix 4: Proposed amendments to MIR
    Appendix 5: Proposed amendments to FEES
    Appendix 6: Proposed amendments to IFR
    Appendix 7: Proposed amendments to GLO
    Appendix 8: Proposed amendments to RMC
    Attachment 1: Draft Guidance - Disclosure Requirements for Mining Reporting Entities
    Attachment 2: Draft Guidance - Disclosure Requirements for Petroleum Reporting Entities
    Attachment 3: Draft Guidance - Continuous Disclosure
    Attachment 4: Draft Guidance - Regulation of Spot Commodity Activities in ADGM
    Attachment 5: Draft Guidance amendments - Virtual Asset Activities in ADGM
    Attachment 6: Draft Form 9-1 Restriction Agreement
    Attachment 7: Draft Form 10-1 Reporting Entities Quarterly Cash Report
    Attachment 8: Draft Form 11-1 Mining Reporting Entities Summary of Reserves and Resources
    Attachment 9: Draft Form 12-1 Petroleum Reporting Entities Summary of Reserves and Resources

    Consultation Paper No. 6 of 2021 - Proposal to amend ADGM Beneficial Ownership and Control Regulations 2018

    Consultation Closing Date: 23 December 2021 Status: closed Updated on: 25 November 2021

    The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has issued this Consultation Paper to seek views on its proposed amendments to the ADGM Beneficial Ownership and Control Regulations 2018 (BOC Regulations).

    Consultation Paper No. 6 of 2021 – Proposal to amend ADGM Beneficial Ownership and Control Regulations 2018
    Annex A: Proposed amendments to Beneficial Ownership and Control Regulations 2018

    Consultation Paper No. 5 of 2021 - Proposed regulatory framework to broaden participation in “private capital markets”

    Consultation Closing Date: 06 January 2022 Status: closed Updated on: 22 November 2021

    The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published a consultation paper to seek views on a proposed regulatory framework enabling limited Retail Client participation in “private capital markets”, that refer to investments by retail and professional investors who wish to invest and trade in securities issued by smaller, privately owned companies.

    This Consultation Paper should be of particular interest to operators of Private Financing Platforms and Multilateral Trading Facilities as well as investors, individuals and organisations active in the investment sector, private ventures and issuers, and their respective professional advisors.

    Consultation Paper No. 5 of 2021 – Proposals for broadening participation in Private Capital Markets
    Appendix 1: Market Rules (MKT)
    Appendix 2: Conduct of Business Rulebook (COBS)

    Consultation Paper No. 4 of 2021 - Proposed merger of FSRA Regulatory Committee and Appeals Panel

    Consultation Closing Date: 05 December 2021 Status: closed Updated on: 03 November 2021

    The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published a consultation paper proposing a merger of its two independent administrative bodies, the Regulatory Committee and the Appeals Panel, into one amalgamated body.

    Consultation Paper No. 4 of 2021 – Proposed merger of FSRA Regulatory Committee and Appeals Panel
    Annex A: Proposed amendments to Financial Services and Markets Regulations

    Consultation Paper No. 3 of 2021 - Proposals on Digital Verification of Identity (eKYC)

    Consultation Closing Date: 29 July 2021 Status: closed Updated on: 23 June 2021

    The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published a consultation paper proposing enhancements to its regulatory framework to help facilitate the use of non-face-to-face digital verification of identity (eKYC) in ADGM and mitigate any associated risks.

    Consultation Paper No. 3 of 2021 – Proposals on Digital Verification of Identity (eKYC)
    Appendix 1: Proposed amendments to Anti-Money Laundering and Sanctions Rules & Guidance (AML)
    Appendix 2 : Proposed amendments to the General Rulebook (GEN)
    Appendix 3: Proposed amendments to Glossary (GLO)
    Appendix 4: Proposed amendments to AML (Miscellaneous Amendments)

    Consultation No. 2 of 2021 - Guidelines for Financial Institutions adopting Enabling Technologies

    Consultation Closing Date: 30 June 2021 Status: closed Updated on: 01 June 2021

    The Central Bank of the UAE (CBUAE), together with the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre and the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market, collectively referred to as “Supervisory Authorities”, have issued the Guidelines for Financial Institutions adopting Enabling Technologies (“the Guidelines”). The Guidelines are not to be considered as Regulations or Standards being issued by the Supervisory Authorities.

    Consultation No. 2 of 2021 - Guidelines for Financial Institutions adopting Enabling Technologies

    Consultation Paper No. 1 of 2021 – Proposed amendments to the Registration Authority’s Decision Procedures and Enforcement Manual

    Consultation Closing Date: 11 February 2021 Status: closed Updated on: 28 January 2021

    The Registration Authority ("RA") of the Abu Dhabi Global Market ("ADGM") has issued this Consultation Paper to invite public feedback and comments on proposed amendments to its Decision Procedures and Enforcement Manual (proposed to be renamed as the Decision Procedures, Disqualification and Enforcement Manual) (the “Manual”).

    Consultation Paper No. 1 of 2021 – Proposed Amendments to the Registration Authority’s Decision Procedures and Enforcement Manual
    Appendix 1: Draft amendments to the Registration Authority’s Decision Procedures and Enforcement Manual

    Consultation Paper No. 9 of 2020 – Proposed amendments to the ADGM Auditors’ framework

    Consultation Closing Date: 28 January 2021 Status: closed Updated on: 17 December 2020

    The Registration Authority of Abu Dhabi Global Market (ADGM) has issued this Consultation Paper to invite public comment on its proposals to enhance its current Auditors’ Framework. In order to determine the most effective changes needed we have undertaken an extensive review of our current framework against international standards in auditing. Accordingly, the changes we are proposing in this consultation paper will ensure ADGM’s Auditors framework and regulatory oversight of Auditors continues to evolve to meet the ongoing changes in international standards, and are best in class.

    Consultation Paper No. 9 of 2020 – PROPOSED AMENDMENTS TO THE ADGM AUDITORS’ FRAMEWORK
    Annex A: Companies Regulations (Amendment No. 2) 2020
    Annex B Companies Regulations 2020 showing effect of proposed amendments
    Annex C: Commercial Licensing Regulations (Amendment No. 1) 2020
    Annex D: Commercial Licensing Regulations 2015 showing effect of proposed amendments
    Appendix 1: Companies Regulations 2020 (Auditors) Rules 2020
    Appendix 2: Commercial Licensing Regulations 2015 (Controlled Activities Rules) 2018
    Appendix 3: Limited Liability Partnership Rules 2020

    Consultation Paper No. 8 of 2020 - Proposed amendments to the ADGM Arbitration Regulations 2015

    Consultation Closing Date: 09 December 2020 Status: closed Updated on: 25 November 2020

    The Board of Directors (the “Board”) of Abu Dhabi Global Market ("ADGM") has issued this Consultation Paper to invite public comment on proposed amendments to the ADGM Arbitration Regulations 2015 (“Regulations”). A draft of the proposed amended Regulations is Annexure A to this Paper.

    Consultation Paper No. 8 of 2020 - ADGM Arbitration Regulations
    ANNEX A - DRAFT Arbitration Regulations 2015 - 25112020

    Consultation Paper No. 7 of 2020 - Proposed regulatory framework for providing third party financial technology services in ADGM

    Consultation Closing Date: 07 January 2021 Status: closed Updated on: 25 November 2020

    The Financial Services Regulatory Authority (“FSRA“) of Abu Dhabi Global Market (“ADGM“) has issued this consultation paper to seek views on the proposed regulatory framework for the new Regulated Activity of Providing Third Party Services (“PTPS”).

    Consultation Paper No. 7 of 2020 - Proposed regulatory framework for providing third party financial technology services in ADGM
    Annex A_Proposed amendments to Financial Services and Markets Regulations (FSMR)
    Appendix 1_Proposed amendments to Prudential – Investment, Insurance Intermediation and Banking Rules (PRU)
    Appendix 2_Proposed amendments to Conduct of Business (COBS)
    Appendix 3_Proposed amendments to Glossary (GLO)
    Appendix 4_Proposed amendments to Anti-Money Laundering and Sanctions Rules and Guidance (AML)

    Consultation Paper No. 6 of 2020 - New Data Protection regulatory framework

    Consultation Closing Date: 19 December 2020 Status: closed Updated on: 19 November 2020

    ADGM proposes to introduce regulations to replace the Data Protection Regulations 2015. ADGM has issued this consultation paper to invite public feedback and comments on the new regulations.

    Consultation Paper No.6 of 2020 New Data Protection regulatory framework
    Annex A – Data Protection Regulations 2020

    Consultation Paper No. 5 of 2020 - Proposed Introduction of the Company Service Providers Framework

    Consultation Closing Date: 24 November 2020 Status: closed Updated on: 27 October 2020

    The Abu Dhabi Global Market (ADGM) Registration Authority (RA) have issued this consultation paper to invite public feedback and comments on the proposal to introduce a framework for the regulation of Company Service Providers in ADGM (CSP Framework).

    Consultation Paper No. 5 of 2020 - CSP Regime
    Annex A - Companies Regulations (Amendment No 2) 2020
    Annex A - Companies Regulations (Amendment No 2) 2020 - showing effect of proposed amendments
    Annex B - Foundations Regulations (Amendment No 2) 2020
    Annex B - Foundations Regulations (Amendment No 2) 2020 - showing effect of proposed amendments
    Annex C - Commercial Licensing Regulations (Amendment No 1) 2020
    Annex C - Commercial Licensing Regulations (Amendment No 1) 2020 - showing effect of proposed amendments
    Appendix 1- Commercial Licensing Regulations 2015 (Controlled Activities) Rules
    Appendix 2 - Commercial Licensing Regulations 2015 (Conditions of Licence) Rules
    Appendix 3 - Business and Company Names Rules 2020
    Appendix 4 - Commercial Licensing Regulations 2015 (Client Money) Rules
    Appendix 5 - Commercial Licensing Regulations 2015 (Fees) Rules 2020
    Appendix 6 - Companies Regulations (Fees) Rules 2020

    Consultation Paper No. 4 of 2020 – Proposed amendments to the Application of English Law Regulations 2015

    Consultation Closing Date: 15 November 2020 Status: closed Updated on: 18 October 2020

    Abu Dhabi Global Market (ADGM) has issued this Consultation Paper to invite public comment on ADGM’s proposals to update the Application of English Law Regulations 2015 (AELRs). These proposals are intended to enhance the current AELRs by reflecting and incorporating amendments made in England to certain English civil and commercial statutes incorporated in 2015 into ADGM regulations, as well as introducing further English statutes where appropriate.

    Consultation Paper No. 4 of 2020 - Proposed amendments to the Application of English Law Regulations 2015
    Annex A - Proposed Application of English Law Regulations (Amendment No. 1) 2020
    Attachment A - Proposed amendments to Trustee Act 1925
    Attachment B - Proposed amendments to Bills of Exchange Act 1882
    Attachment C - Proposed amendments to Marine Insurance Act 1906
    Attachment D - Proposed amendments to Limited Partnerships Act 1907
    Attachment E - Proposed Insurance Act 2015
    Attachment F - Proposed Application of English Law Regulations showing effect of proposed amendments

    Consultation Paper No. 3 of 2020 – Electronic Transactions Regulations

    Consultation Closing Date: 14 October 2020 Status: closed Updated on: 15 September 2020

    ADGM proposes to introduce regulations to facilitate electronic transactions, electronic records and electronic signatures. ADGM has issued this consultation paper to invite public feedback and comments on those regulations.

    The proposals in this consultation paper will be of interest to ADGM entities and investors, and those wishing to establish a presence in ADGM or otherwise doing business in ADGM, and their professional advisors.

    Consultation Paper No 3 of 2020 – Electronic Transactions Regulations
    Annex A – Proposed Electronic Transactions Regulations 2020
    Annex B – Proposed Interpretation (Amendment No. 1) Regulations 2020

    Consultation Paper No. 2 of 2020 – Proposed amendments to RA Decision Procedures and Enforcement Manual

    Consultation Closing Date: 12 July 2020 Status: closed Updated on: 12 July 2020

    The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has published a consultation paper setting out a number of proposed updates to its Decision Procedures and Enforcement Manual.

    Consultation Paper No. 2 of 2020 – Proposed amendments to the Registration Authority’s Decision Procedures and Enforcement Manual
    Appendix 1 – Draft amendments to the Registration Authority’s Decision Procedures and Enforcement Manual

    Consultation Paper No. 1 of 2020 – Proposals for revision of the regulatory framework for Providing Money Services in ADGM

    Consultation Closing Date: 03 August 2020 Status: closed Updated on: 03 August 2020

    The Financial Services Regulatory Authority has published this consultation paper including a number of proposed amendments to the regulatory framework for Authorised Persons undertaking the Regulated Activity of Providing Money Services.

    The proposed amendments reflect the growing importance of money services in ADGM and the region and include amendments to the FSRA’s Financial Services Markets Regulations 2015 (“FSMR”), Conduct of Business Rules (“COBS”), the Prudential – Investment, Insurance Intermediation and Banking Rules (“PRU”), the Anti‐Money Laundering and Sanctions Rules and Guidance (“AML”) and others.

    Consultation Paper No 1 of 2020 – Proposals for revision of the regulatory framework for Providing Money Services in ADGM
    Annex A – Proposed amendments to the Financial Services and Markets Regulations 2015
    Appendix 1 – Draft amendments to Fees Rules
    Appendix 2 – Draft amendments to Prudential – Investment, Insurance Intermediation and Banking Rules
    Appendix 3 – Draft amendments to Conduct of Business Rules
    Appendix 4 – Draft amendments to the Glossary
    Appendix 5 – Draft amendments to Anti-Money Laundering and Sanctions Rules and Guidance

    Consultation Paper No. 6 of 2019 – Proposed Amendments to ADGM Commercial Legislation

    Consultation Closing Date: 18 January 2020 Status: closed

    Abu Dhabi Global Market (ADGM) published a public consultation paper on its proposed amendments to the following: Companies Regulations 2015, Foundations Regulations 2017, Limited Liability Partnership Regulations 2015, Limited Liability Partnership Rules 2015 and Beneficial Ownership Regulations 2018.

    Consultation Paper No 6 of 2019 – Proposed Amendments to ADGM Commercial Legislation
    Annex A – Companies (Amendment no. 5) Regulations 2019
    Annex B – Foundations (Amendment no. 2) Regulations 2019
    Annex C – Beneficial Ownership And Control (Amendment no. 2) Regulations 2019
    Annex D – Limited Liability Partnerships (Amendment no. 2) Regulations 2019
    Appendix 1 – Limited Liability Partnerships (Amendment no. 1) Rules 2019

    Consultation Paper No. 5 of 2019 – Updates to the Prudential - Investment, Insurance Intermediation and Banking Rulebook

    Consultation Closing Date: 05 January 2020 Status: closed

    The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published a consultation paper setting out a number of proposed updates to its “Prudential – Investment, Insurance Intermediation and Banking (PRU)” Rulebook. The proposals cover the prudential supervision of banks, insurance intermediaries and investment firms operating within and from ADGM’s jurisdiction and would align its internationally recognised prudential regime more closely with the regulatory framework developed by the Basel Committee on Banking Supervision (BCBS). The main proposals are in relation to the Net Stable Funding Ratio, Large Exposures, disclosure requirements and further, miscellaneous amendments that will provide greater clarity to institutions operating in ADGM.

    Consultation Paper No. 5 of 2019 – PRU Updates
    Appendix 1 - PRU Updates

    Consultation Paper No. 4 Of 2019 – Proposed Miscellaneous Amendments to Regulations and Rules

    Consultation Closing Date: 05 November 2019 Status: closed

    The Financial Services Regulatory Authority (FSRA) would like to invite comments on its proposed amendments to its regulations and rules including changes to its Financial Services Markets Regulations 2015 (“FSMR”), Conduct of Business Rules (“COBS”), Fund Rules (“FUNDS”) and the Anti‐Money Laundering and Sanctions Rules and Guidance (“AML”), and others.

    Consultation Paper No. 4 of 2019 – Proposed amendments to Regulations and Rules
    Annex A - Proposed amendments to Financial Services and Markets Regulations (FSMR)
    Appendix 1 - Draft amendments to General Rulebook (GEN)
    Appendix 2 - Draft amendments to Conduct of Business Rulebook (COBS)
    Appendix 3 - Draft amendments to Prudential – Investment, Insurance Intermediation and Banking Rules (PRU)
    Appendix 4 - Draft amendments to Fund Rules (FUNDS)
    Appendix 5 - Draft amendments to Anti‐Money Laundering and Sanctions Rules and Guidance (AML)
    Appendix 6 - Draft amendments to Glossary (GLO)
    Appendix 7 - Draft amendments to Islamic Finance Rule (IFR)
    Appendix 8 - Draft amendments to Market Infrastructure Rulebook (MIR)
    Appendix 9 - Draft amendments to Market Rules (MKT)
    Appendix 10 - Draft amendments to Prudential – Insurance Business (PIN)
    Appendix 11 - Draft amendments to Captive Insurance Business Rules (CIB)
    Appendix 12 - Draft amendments to Guidance & Policies Manual (GPM)

    Consultation Paper No. 3 of 2019 – Proposed revision of FEES Rules

    Consultation Closing Date: 22 October 2019 Status: closed

    The Financial Services Regulatory Authority (FSRA) would like to invite comments on its proposed amemdments to certain fees for Domestic Funds, Foreign Fund Managers of Domestic Funds, Remote Bodies and Remote Members. These proposed changes reflect the FSRA’s ongoing and future workload associated with its funds and markets frameworks.

    Consultation Paper No. 3 of 2019 - Proposed revision of FEES Rules
    Appendix 1 - Fees Amendments

    Consultation Paper No. 2 of 2019 – Proposed Amendments to the Employment Rules and Regulations in ADGM

    Consultation Closing Date: 28 April 2019 Status: closed

    The Registration Authority would like to invite public comments on the proposed amendments to the employment rules and regulations. The consultation paper also seeks public comment on the proposed introduction of a temporary work permit regime by way of ADGM Employment Regulations 2019 (Engaging Non-Employees) Rules 2019.

    Consultation Paper No. 2 of 2019 - Proposed Amendments to the Employment Rules and Regulations in ADGM
    Annex A - ADGM Employment Regulations 2019
    Annex B - Employment Regulations (Compensation and Awards Limits) Rules 2019
    Annex C - ADGM Rules on Engaging Non- Employees
    Annex D - Work Permit Guidance

    Consultation Paper No. 1 of 2019 – Proposed Revisions to the Anti-Money Laundering Regime in ADGM

    Consultation Closing Date: 12 March 2019 Status: closed Updated on: 12 March 2019

    The Financial Services Regulatory Authority would like to invite public comments on the proposed revisions to ADGM’s regime for combatting money laundering, the financing of terrorism and proliferation, and the financing of unlawful organisations. The proposed revisions to the existing anti-money laundering regime have been formulated in the context of a recent review of the federal criminal laws of the UAE in relation to money laundering, terrorist financing and the financing of unlawful organisations.

    Consultation Paper No. 1 of 2019 – Proposed Revisions to the Anti-Money Laundering Regime in ADGM
    Annex A - Proposed Amendments to Financial Services and Markets Regulations (FSMR)
    Appendix 1 - Draft Amendments to the AML Rulebook (AML)
    Appendix 2 - Draft Amendments to the Glossary (GLO)

    Consultation Paper No. 9 of 2018 - Proposed Late Renewal Penalty Guide – Commercial Licences

    Consultation Closing Date: 31 January 2019 Status: closed

    The Registration Authority would like to invite comments its proposed late renewal penalty guide – commercial licences, which sets out the Registration Authority’s policy and procedures in relation to the application of financial penalties (fines) for late commercial licence renewals under the ADGM Commercial Licensing Regulations 2015.

    Consultation Paper No. 9 of 2018 - Proposed Late Renewal Penalty Guide - Commercial Licences
    Annex A - Late Filing Penalty Guide - Licence Renewal

    Consultation Paper No. 8 of 2018 - Proposed Late Filing Penalty Guide - Annual Accounts

    Consultation Closing Date: 31 January 2019 Status: closed

    The Registration Authority would like to invite comments its proposed late filing penalty guide – annual accounts, which sets out the Registration Authority’s policy and procedures in relation to the application of financial penalties (fines) for late filings of annual accounts under the ADGM Companies Regulations 2015.

    Consultation Paper No. 8 of 2018 - Proposed Late Filing Penalty Guide – Annual Accounts
    Annex A - Late Filing Penalty Guide - Annual Accounts

    Consultation Paper No. 7 of 2018 - Proposed Fund Passporting Rules

    Consultation Closing Date: 03 January 2019 Status: closed

    The Financial Services Regulatory Authority would like to invite comments on its proposed fund passporting rules and regime, following the joint agreement with the Securities and Commodities Authority (SCA), and the Dubai Financial Services Authority (DFSA) to facilitate the licensing and promotion of domestic across the U.A.E. Such a regime will also enable Collective Investment Funds established within ADGM to be promoted across the whole of the U.A.E including the Financial Free Zones.

    Consultation Paper No. 7 of 2018 – Consultation on proposed Fund Passporting Rules
    Annexure A - ADGM Courts - Draft Litigation Funding Rules
    Annex B - Draft amendments to Financial Services and Markets Regulations (FSMR)
    Appendix 1 – Draft amendments to the Conduct of Business Rules (COBS)
    Appendix 2 – Draft amendments to the Fees Rules (FEES)
    Appendix 3 – Draft amendments to the Glossary (GLO)

    Consultation Paper No. 6 of 2018 - Proposed Litigation Funding Rules

    Consultation Closing Date: 05 December 2018 Status: closed

    Abu Dhabi Global Market Courts has issued this Consultation Paper to invite comments from industry professionals and the public on the proposed litigation funding rules (“Rules”) which are to apply to litigation funding agreements as defined in the ADGM Courts, Civil Evidence, Judgments, Enforcement and Judicial Appointments Regulations 2015..

    Consultation Paper No. 6 of 2018 – Proposed Litigation Funding Rules
    Annexure A - ADGM Courts - Draft Litigation Funding Rules

    Consultation Paper No. 5 of 2018 - Proposed Bank Recovery and Resolution Regulations

    Consultation Closing Date: 08 November 2018 Status: closed

    The Financial Services Regulatory Authority would like to invite comments on its proposed Bank Recovery and Resolution regime that is designed to effectively address the risks posed by the failure of any bank, significant financial institution or a member of its financial group in the ADGM jurisdiction. The proposed Bank Recovery and Resolution Regulations would empower the FSRA to act as the resolution authority for ADGM; this would apply to various institutions including those that accept deposits, provide clearing services or deal in investments as principal.

    Consultation Paper No. 5 of 2018 – Proposed Bank Recovery and Resolution Regulations
    Annex A – Draft Bank Recovery and Resolution Regulations 2018
    Annex B - Draft amendments to Financial Services and Markets Regulations (FSMR)
    Annex C – Draft amendments to Insolvency Regulations 2015
    Appendix 1 - Draft amendments to the Prudential – Investment, Insurance Intermediation and Banking Rules (PRU)

    Consultation Paper No. 4 of 2018 – Proposed Regulatory Framework for Operators of Private Financing Platforms

    Consultation Closing Date: 16 August 2018 Status: closed

    The Financial Services Regulatory Authority would like to invite comments on its proposed regulatory framework for operators of Private Financing Platforms (PFPs) to provide alternative financing options for startups and small and medium-sized enterprises in Abu Dhabi, UAE and the wider MENA region. This follows the March discussion paper which set out the introductory considerations on the scope and form of a risk-proportionate regulatory framework for PFPs.

    Consultation Paper No. 4 of 2018 – Proposed Regulatory Framework for Operators of Private Financing Platforms
    Annex A – Draft amendments to Financial Services Markets Regulations (FSMR)
    Annex B – Guidance: Regulatory Framework for Private Financing Platforms
    Annex C – Discussion Paper No. 1 of 2018
    Appendix 1 - Draft amendments to the Conduct of Business Rulebook (COBS)
    Appendix 2 - Draft amendments to the Prudential – Investment, Insurance Intermediation and Banking Rules (PRU)
    Appendix 3 - Draft amendments to Glossary (GLO)
    Appendix 4 - Draft amendments to the Fund Rules (FUNDS)

    Consultation Paper No. 3 of 2018 – Registration Authority Decision Procedures and Enforcement Manual

    Consultation Closing Date: 30 June 2018 Status: closed

    The Registration Authority would like to invite the public comment on its proposed Decision Procedures and Enforcement Manual, which sets out policy and procedures in relation to the exercise of its enforcement powers and related decision making, under the Commercial Licensing Regulations 2015.

    Consultation Paper No. 3 of 2018 – Registration Authority Decision Procedures and Enforcement Manual
    Annex A - RA Decisions Procedures and Enforcement Manual

    Consultation Paper No. 2 of 2018 – Introduction of Crypto Asset Regulatory Framework in ADGM

    Consultation Closing Date: 28 May 2018 Status: closed

    The Financial Services Regulatory Authority would like to invite comments on its proposed regulatory framework for the regulation of crypto asset activities conducted in or from ADGM, including exchanges, custodians and other intermediaries engaged in crypto asset activities (the 'Spot Crypto Asset Framework').

    Consultation Paper No. 2 of 2018 – Introduction of Crypto Asset Regulatory Framework in ADGM
    Annex A – Draft amendments to Financial Services Markets Regulations (FSMR)
    Appendix 1 - Draft amendments to the Conduct of Business Rulebook (COBS)
    Appendix 2 - Draft amendments to the Fees Rules (FEES)
    Appendix 3 - Draft amendments to Market Infrastructure Rulebook (MIR)
    Appendix 4 - Draft amendments to Glossary (GLO)

    Discussion Paper No.1 of 2018 – Proposed Regulatory Framework for Private Financing Platforms

    Consultation Closing Date: 10 April 2018 Status: closed

    The Financial Regulatory Services Authority invites comments on its proposals for a regulatory framework for operators of financing platforms for non-public companies (Private Financing Platforms or PFPs). This is a risk-appropriate regulatory framework for PFPs that would facilitate access by start-ups and SMEs to new, alternative sources of funding primarily from Professional Clients, while applying the necessary regulatory safeguards to ensure that they operate in a safe and sound manner for those clients.

    Discussion Paper - Proposed Regulatory Framework for Private Financing Platforms

    Consultation Paper No. 1 of 2018 – ADGM Beneficial Ownership and Control Regulations

    Consultation Closing Date: 28 February 2018 Status: closed

    The Registration Authority invites feedback and comments to codify existing corporate beneficial ownership and control practices in line with international standards and initiatives. These enhancements are part of ADGM’s ongoing commitment to continuously improve its framework, in a manner which balances risk-based regulations with the needs of market participants.

    Consultation Paper No. 1 of 2018 – ADGM Beneficial Ownership and Control Regulations
    Annex A – Beneficial Ownership and Control Regulations 2018
    Annex B – Companies (Amendment) Regulations 2018
    Annex C – Limited Liability Partnerships (Amendment) Regulations 2018
    Annex D – Foundations (Amendment) Regulations 2018
    Annex E – Commercial Licensing (Amendment) Regulations 2018

    Consultation Paper No. 5 of 2017 – Proposed Amendments to ADGM Capital Markets Regulations and Rules

    Consultation Closing Date: 02 January 2018 Status: closed

    The Financial Services Regulatory Authority is proposing amendments to the Financial Services and Markets Regulations 2015 (FSMR) and the Market Infrastructure Rules (‘MIR’) to enable members outside of the ADGM (Remote Members) to access exchanges and clearing houses located within the ADGM.

    Consultation Paper No. 5 of 2017 – Proposed Amendments to ADGM Capital Markets Regulations and Rules
    Schedule A – Additional Policy Amendments
    Annex A – Draft amendments to Financial Services & Market Regulations (FSMR)
    Appendix 1 - Draft amendments to Market Infrastructure Rulebook (MIR) – Consultation Paper No. 5 of 2017
    Appendix 2 - Draft amendments to Market Rules (MKT) – Consultation Paper No. 5 of 2017
    Appendix 3 - Draft amendments to Glossary (GLO) – Consultation Paper No. 5 of 2017
    Appendix 4 - Draft amendments to the Rules of Market Conduct (RMC) – Consultation Paper No. 5 of 2017
    Appendix 5 – Draft amendments to the Conduct of Business Rules (COBS) – Consultation Paper No. 5 of 2017
    Appendix 6 - Draft amendments to the General Rulebook (GEN) – Consultation Paper No. 5 of 2017
    Appendix 7 - Draft amendments to the Fees Rules (FEES) – Consultation Paper No. 5 of 2017
    Appendix 8 - Draft amendments to the Islamic Finance Rules (IFR) – Consultation Paper No. 5 of 2017

    Consultation Paper No. 4 of 2017 – Amendments to Prudential – Investment, Insurance Intermediation and Banking Rulebook

    Consultation Closing Date: 07 December 2017 Status: closed

    The Financial Services Regulatory Authority is proposing amendments to the regulatory prudential regime for investment, insurance intermediation and banking institutions in ADGM, contained in the Prudential – Investment, Insurance Intermediation and Banking Rulebook (“PRU”). The proposals will align PRU more closely with the current regulatory prudential regime developed by the Basel Committee on Banking Supervision (“BCBS”).

    Consultation Paper No. 4 of 2017 – Amendments to Prudential – Investment, Insurance Intermediation and Banking Rulebook
    Annex A – Prudential – Investment, Insurance Intermediation and Banking Rules
    Annex B – Mapping Table
    Annex C – Abbreviations

    Consultation Paper No. 3 of 2017 – ADGM Foundations Regime

    Consultation Closing Date: 05 July 2017 Status: closed

    The Board of Directors of ADGM have issued this Consultation Paper to invite the public to comment on its proposal to establish a legislative and regulatory framework for foundations within ADGM. The proposed ADGM foundations regime is designed for individuals, families, organisations and their professional advisors seeking to efficiently manage their private wealth, safeguard their assets and enhance their succession planning in Abu Dhabi and abroad.

    Consultation Paper No 3. of 2017 – ADGM Foundations Regime
    Annex A – Proposed Foundations Regulations

    Consultation Paper No. 2 of 2017 – Amendments to Data Protection Regulations

    Consultation Closing Date: 30 May 2017 Status: closed

    The Registration Authority invites feedback and comments on miscellaneous amendments to ADGM’s Data Protection Regulations. The amendments include updates and enhancements as part of ADGM’s ongoing commitment to continuously enhance its legislative framework.

    Consultation Paper No. 2 of 2017 – Amendments to Data Protection Regulations
    Annex A - Data Protection (Amendment) Regulations 2017

    Consultation Paper No. 1. of 2017 – Amendments to ADGM Regulations and Rules

    Consultation Closing Date: 11 May 2017 Status: closed

    The Consultation aims to enhance its legislative framework, including the regulations and rules in relation to funds. These enhancements are part of ADGM’s ongoing commitment to continuously improve its framework, in a manner which balances risk-based regulations with the needs of market participants.

    Consultation Paper No 1. of 2017 – Amendments to ADGM Regulations and Rules
    Annex A – Financial Services and Markets (Amendment) Regulations 2017 – Consultation Paper No. 1 of 2017
    Annex B – Draft Companies (Amendment) Regulations 2017 - Consultation Paper No. 1 of 2017
    Annex C – Interpretation (Amendment) Regulations 2017 – Consultation Paper No. 1 of 2017
    Appendix 1 ‐ General Rules – Consultation Paper No. 1 of 2017
    Appendix 2 ‐ Conduct of Business Rules – Consultation Paper No. 1 of 2017
    Appendix 3 ‐ Captive Insurance Business Rules – Consultation Paper No. 1 of 2017
    Appendix 4 ‐ Fund Rules – Consultation Paper No. 1 of 2017
    Appendix 5 – AML Rules – Consultation Paper No. 1 of 2017
    Appendix 6 ‐ Glossary – Consultation Paper No. 1 of 2017
    Appendix 7 ‐ Fees Rules – Consultation Paper No. 1 of 2017
    Appendix 8 ‐ Islamic Finance Rules – Consultation Paper No. 1 of 2017
    Appendix 1 – Companies Regulations (Model Articles) Rules 2015 – Consultation Paper No. 1 of 2017
    Appendix 2 – Companies Regulations (Register of Auditors) Rules 2015 – Consultation Paper No. 1 of 2017

    Consultation Paper No. 3 of 2016 – Financial Services – FinTech Legislative Framework

    Consultation Closing Date: 26 September 2016 Status: closed

    The Financial Services Regulatory Authority is proposing a legislative framework to implement and govern the FRSA Regulatory Laboratory (“FSRA RegLab”). The framework, comprising regulations, rules and guidelines, will implement and govern the FSRA RegLab that is designed to provide a controlled environment for the development and testing of innovative Fintech solutions.

    Consultation Paper No 3 of 2016 – Financial Services – Legislative Framework for FinTech
    Annex A: Draft Amendments to the Financial Services and Markets Regulations – Consultation Paper No 3 of 2016
    Annex B to Consultation Paper: FinTech RegLab Guidance - Consultation Paper No 3 of 2016
    Annex C: Draft Amendments to the FSRA Glossary Rulebook - Consultation Paper No 3 of 2016
    Appendix A to Annex B: RegLab Application Form - Consultation Paper No 3 of 2016

    Consultation Paper No. 2 of 2016 – Financial Services – FinTech Regulatory Framework

    Consultation Closing Date: 13 June 2016 Status: closed

    Financial Services Regulatory Authority is proposing to create a “Regulatory Laboratory” – a tailored framework that provides a safe environment for businesses to test, develop and provide innovative FinTech products and services. This Consultation Paper invites public feedback and comments on the proposed regulatory framework.

    Consultation Paper No. 2 of 2016 – Financial Services – FinTech Regulatory Framework

    Consultation Paper No. 1 of 2016 - ADGM Courts Fees

    Consultation Closing Date: 09 May 2016 Status: closed

    The Board of Directors of ADGM has issued this Consultation Paper to invite the public comment on the Board's proposed fees for the services provided by ADGM Courts. A proposed Schedule of ADGM Courts Fees is Annexure A to this Paper.

    Consultation Paper No 1 of 2016 of ADGM Courts Fees
    Annex A – ADGM Courts Schedule of Fees

    Consultation Paper No. 13 of 2015 - ADGM Courts Rules – Supplementary Rules

    Consultation Closing Date: 26 November 2015 Status: closed

    The Chief Justice has issued this Consultation Paper to invite the public comment on:

    - two sets of draft Rules governing the important topics of judicial conduct and complaints made against judicial officers

    - draft rules concerning an additional amount payable to a claimant in certain circumstances arising out of a judgment in favour of a claimant.

    The Board of Directors of ADGM has issued this Consultation Paper to invite the public comment on the Board's proposed fees for the services provided by ADGM Courts. A proposed Schedule of ADGM Courts Fees is Annexure A to this Paper.

    Consultation Paper No. 13. ADGM Courts Rules – Supplementary Rules
    Annex B – Judicial Discipline Prescribed Procedures Rules
    Annex C – Offers to Settle in Civil and Commercial Proceedings Rules
    Annex A – Judicial Conduct (Judicial Office Holders) Rules

    Consultation Paper No. 12 of 2015 - Arbitration Regulations

    Consultation Closing Date: 13 November 2015 Status: closed

    This Consultation Paper aims to explain the approach and model used for ADGM’s proposed regulations governing arbitration of disputes within ADGM and the recognition and enforcement of arbitral awards in the ADGM Courts. The Paper notes that the starting point for the Arbitration Regulations is the widely recognised global standard for arbitration regulation, the Model Law on International Commercial Arbitration published by the United Nations Commission on International Trade Law, known as the UNCITRAL Model. This Consultation Paper also draws attention to the series of modifications and enhancements proposed by ADGM in order to maximise party autonomy and control over the arbitral process and to accommodate the unique nature of ADGM’s jurisdictional and legal framework.

    Consultation Paper No. 12 - Arbitration Regulations
    Arbitration Regulations - Consultation Paper No 12

    Consultation Paper No. 11 of 2015 - ADGM Courts Regulations and Rules

    Consultation Closing Date: 13 November 2015 Status: closed

    This Consultation Paper introduces the regulations governing and setting out the scope of ADGM’s judiciary and the ADGM Courts, to be known as the ADGM Courts, Civil Evidence, Judgments, Enforcement and Judicial Appointments Regulations. In addition, the Paper introduces three sets of rules concerning the jurisdiction of the Court of First Instance, the enforcement of the ADGM Courts’ judgments, and measures to ensure the safety and security of persons in the ADGM Courts. The Paper explains that the regulations and rules are modelled principally on English statutes and subordinate legislation, with some provisions being drawn from Scots and Australian federal law. It also highlights how those statutes and laws from common law jurisdictions have been tailored specifically to the ADGM Courts’ requirements.

    Consultation Paper No. 11 - ADGM Courts Regulations and Rules
    Appendix: List of UK statutes - Consultation Paper No. 11
    Annex A: ADGM Courts, Civil Evidence, Judgments, Enforcement and Judicial Appointments Regulations - Consultation Paper No. 11
    Annex B: Divisions and Jurisdiction (Court of First Instance) Rules - Consultation Paper No. 11
    Annex C: Certification of Enforcement Agents Rules - Consultation Paper No. 11
    Annex D: Taking Control of Goods and Commercial Rent Arrears Recovery Rules - Consultation Paper No. 11
    Annex E: Retention of Knives, Guns and Other Articles Rules - Consultation Paper No. 11

    Consultation Paper No. 10 of 2015 - Financial Services - Data Protection Regulations

    Consultation Closing Date: 11 August 2015 Status: closed

    This Consultation Paper aims to determine whether there is a need for a set of standalone data protection regulations in ADGM, as an alternative to the individual provisions currently legislating for some level of data protection in the Employment Regulations 2015. In this regard, we considered EU legislation as the most appropriate basis for preparing the draft standalone Regulations, and it is therefore the current EU Data Protection Directive 95/46/EC (the EU Directive) on which the Regulations are based. Broadly speaking, this imposes standards on the collection, use and distribution of individual personal data to be met by those entities in control of such data.

    Consultation Paper No. 10 - Financial Services - Data Protection Regulations
    Annex A - Data Protection Regulations - Consultation Paper No. 9 of 2015

    Consultation Paper No. 9 of 2015 - Financial Services - Supplementary Rules and Regulations

    Consultation Closing Date: 11 August 2015 Status: closed

    This Consultation Paper aims to issue rules for governing insurance activity in ADGM and this is set out in two rulebooks: (i) the Prudential – Insurance Business Module (PIN); and (ii) the Captive Insurance Business (CIB) and regulations and rules to regulate takeovers (the Takeover Regulations). It is intended that the proposed Takeover Regulations will be included within the Financial Services and Markets Regulations 2015 (the Regulations) and proposed rules (the Takeover Rules) will be created as contemplated by the Takeover Regulations.

    Consultation Paper No. 9 - Financial Services - Supplementary Rules and Regulations
    Appendix 1 – Prudential – Insurance Business (PIN) - Consultation Paper No. 9 of 2015
    Appendix 2 – Captive Insurance Business Rules (CIB) - Consultation Paper No. 9 of 2015
    Appendix 3 – Takeover Regulations (The Takeover Panel) - Consultation Paper No. 9 of 2015
    Appendix 4 – Takeover Regulations (Takeover Code) Rules 2015 – Consultation Paper No. 9 of 2015
    Appendix 5 – Glossary - Consultation Paper No. 9 of 2015

    Consultation Paper No. 8 of 2015 - Limited Liability Partnerships Regulations

    Consultation Closing Date: 11 August 2015 Status: closed

    The Consultation aims to align ADGM's proposed LLP Regulations with the UK Limited Liability Partnerships Act 2000 and other related UK limited liability partnerships regulations (together, the UK Legislation). FSRA seeks to establish a limited liability partnerships framework within ADGM to provide for the establishment and operation of limited liability partnerships as a corporate structure.

    Consultation Paper No. 8 - Limited Liability Partnerships Regulations
    Annex A – Limited Liability Partnerships Regulations – Consultation Paper No. 8 of 2015

    Consultation Paper No. 7 of 2015 - Financial Services Regulations and Rules

    Consultation Closing Date: 11 August 2015 Status: closed

    This Consultation aims to issue regulations governing financial services and markets to be called the Financial Services and Markets Regulations (FSMR). FSRA aims to establish the framework and environment for financial services firms to establish and operate in ADGM. This is a key step forward in the ADGM fulfilling its objectives, in particular, promoting Abu Dhabi as a global financial centre and developing the economy of Abu Dhabi.

    Consultation Paper No. 7 - Financial Services Regulations and Rules
    Annex A – Financial Services and Market Regulations – Consultation Paper No. 7 of 2015
    Appendix 1 – General Module - Consultation Paper No. 7 of 2015
    Appendix 2 – Conduct of Business Rulebook - Consultation Paper No. 7 of 2015
    Appendix 3 – Fund Rules - Consultation Paper No. 7 of 2015
    Appendix 4 – Market Infrastructure Rulebook - Consultation Paper No 7 of 2015
    Appendix 5 – Market Rules - Consultation Paper No. 7 of 2015
    Appendix 6 – Rules of Market Conduct - Consultation Paper No 7 of 2015
    Appendix 7 – Anti-Money Laundering and Sanctions Rules and Guidance - Consultation Paper No. 7 of 2015
    Appendix 8 – Islamic Finance Rules - Consultation Paper No. 7 of 2015
    Appendix 9 - Prudential – Investment, Insurance Intermediation and Banking Rules - Consultation Paper No. 7 of 2015
    Appendix 10 – Fees Rules - Consultation Paper No. 7 of 2015
    Appendix 11 – Glossary - Consultation Paper No. 7 of 2015

    Consultation Paper No. 6 of 2015 - Real Property Regulations & Strata Title Regulations

    Consultation Closing Date: 05 February 2015 Status: closed

    This Consultation Paper is seeking comments for ADGM's proposed Real Property Regulations (the Real Property Regulations), and (b) Strata Title Regulations (the Strata Title Regulations; the Real Property Regulations and the Strata Title Regulations are referred to herein collectively as the Regulations).

    Consultation Paper No. 6 - Real Property Regulations & Strata Title Regulations
    Annex A Real Property Regulations - Consultation Paper No. 6 of 2015
    Annex B Strata Title Regulations - Consultation Paper No. 6 of 2015

    Consultation Paper No. 5 of 2015 - Employment Regulations

    Consultation Closing Date: 05 February 2015 Status: closed

    This Consultation Paper seeks to establish an employment law framework within ADGM to provide for a fair balance of rights and obligations as between employers and employees.

    Consultation Paper No. 5 - Employment Regulations
    Annex A Employment Regulations - Consultation Paper No. 5 of 2015

    Consultation Paper No. 4 of 2015 - Insolvency Regulations

    Consultation Closing Date: 05 February 2015 Status: closed

    This Consultation Paper seeks to institute a well-established, predictable and tested insolvency regime, crucial for establishing an environment that attracts and retains investors. The Insolvency Regulations to be based on the UK Insolvency Act 1986, the Insolvency Rules 1986 and other related UK insolvency legislation and regulations (together, the UK Legislation).

    Consultation Paper No. 4 - Insolvency Regulations
    Annex A Insolvency Regulations - Consultation Paper No. 4 of 2015

    Consultation Paper No. 3 of 2015 - Operating Regulations

    Consultation Closing Date: 05 February 2015 Status: closed

    This Consultation Paper aims to introduce a sound framework that governs commercial licensing, incorporating detailed provisions on the activities subject to licensing, procedures for applying for a licence, rule-making powers, investigations by ADGM authorities, enforcement procedures, and restrictions on business names.

    Consultation Paper No. 3 - Operating Regulations
    Annex A Operating Regulations - Consultation Paper No. 3

    Consultation Paper No. 2 of 2015 - Companies Regulations

    Consultation Closing Date: 05 February 2015 Status: closed

    The Consultation Paper aims to introduce the Companies Regulations based on the English Common Law. The regulatory framework will govern matters such as contracts, tort, trusts, equitable remedies, unjust enrichment, damages, conflict of laws, security, and personal property.

    Consultation Paper No. 2 - Companies Regulations
    Annex A Operating Regulations - Consultation Paper No. 3

    Consultation Paper No. 1 of 2015 - Application of English Law Regulations

    Consultation Closing Date: 05 February 2015 Status: closed

    This Consultation Paper seeks to establish new regulations for ADGM to be called the Application of English Law Regulations (the Regulations).

    Consultation Paper No. 1 - Application of English Law Regulations
    Annex A Application of English Law Regulations - Consultation Paper No. 1 of 2015

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