The Abu Dhabi Global Market (ADGM) Board of Directors is pleased to announce the establishment of the Appeals Panel in accordance with ADGM Financial Services & Markets Regulations 2015.
The Appeals Panel is set up to review and determine decisions made in the first instance by the Regulatory Committee to ensure proper observance of due process and procedural fairness of the Financial Services Regulatory Authority (FSRA) in exercising its duties and powers in a consistent, transparent and balanced manner.
The Appeals Panel has full independence and authority for determining regulatory appeals and is independent of the ADGM Board of Directors, the FSRA, the Regulatory Committee and the ADGM Courts to preserve its objectivity and impartiality.
It is one of two independent bodies created under the ADGM Financial Services & Markets Regulations 2015 to promote proper governance and due process.
The Appeals Panel comprises four global legal professionals with outstanding expertise and experience in commercial litigation, international arbitration, banking and finance, commercial dispute resolution and others. The Panel is led by Mr Michael Brindle QC as the President.
APPEALS PANEL PRACTICE & PROCEDURESThe Appeals Panel Practice & Procedures set out the operation and procedures of the Appeals Panel. These procedures are to be read in conjunction with Part 19, Chapter 1 of the Financial Services and Markets Regulations 2015.
Please click here to read the “Appeals Panel Practice & Procedures”.