PUBLIC CONSULTATIONS
ADGM informs public and market place plans and unveils comments on proposed initiatives and rules ammendments through public consultations. To register for updates please click here.
Discussion Paper No.1 of 2018 – Proposed REGULATORY FRAMEWORK FOR PRIVATE FINANCING PLATFORMS
The Financial Services Regulatory Authority is seeking industry comments on out its proposed regulatory framework for operators of financing platforms for non-public companies (Private Financing Platforms or PFPs). This proposed calibrated, 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.
Consultation Paper No. 1 of 2018 – ADGM Beneficial Ownership and Control Regulations
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. 5 of 2017 – Proposed Amendments to ADGM Capital Markets Regulations and Rules
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. 4 of 2017 – Amendments to Prudential – Investment, Insurance Intermediation and Banking Rulebook
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. 3 of 2017 – ADGM Foundations Regime
The Board of Directors of ADGM have issued this Consultation Paper to invite 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.