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.
Consultation Paper No. 7 of 2018 - Proposed Fund Passporting Rules
The Financial Services Regulatory Authority would like to invite comments 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. 6 of 2018 - Proposed Litigation Funding Rules
Abu Dhabi Global Market Courts have 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. 5 of 2018 - Proposed Bank Recovery and Resolution Regulations
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. 4 of 2018 – Proposed Regulatory Framework for Operators of Private Financing Platforms
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 start-ups 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. 3 of 2018 – Registration Authority Decision Procedures and Enforcement Manual
The Registration Authority would like to invite 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.