Abu Dhabi Global Market was established pursuant to Abu Dhabi Law No. 4 of 2013 as a financial free zone in the Emirate of Abu Dhabi, with its own civil and commercial laws. ADGM will offer market participants a world-class legal system and regulatory regime.
A robust legal system based on a legislative framework that is aligned with international financial services standards is at the core of Abu Dhabi Global Market’s value proposition. Its legislation has been put together with advice and input from major international financial institutions and industry bodies in the UAE and major capital markets around the world. ADGM will provide a robust regulatory framework designed to support a dynamic and competitive international financial centre that is both risk-focused and responsive to changing market needs and requirements.
FINANCIAL SERVICES REGULATIONS AND RULES – IN CONSULTATION
ADGM has published its draft financial services legislation which includes the Financial Services and Markets Regulations and its accompanying rules in addition to the Limited Liability Partnership Regulations for open market consultation from 29 June to 11 August 2015.
The Consultation Paper is now available here. ADGM invites market participants and all interested parties to send their comments of the draft Financial Services and Markets Regulations and rules to its email at email@example.com
In the coming weeks, ADGM will also publish further consultation papers that will be supplementary to the draft financial services regulations and rules published today, and will include specific rules regarding insurance.
For future Open Market Consultations, please register for updates
COMMERCIAL RULES & REGULATIONS - ENACTED
ADGM is pleased to publish the first set of regulations to be enacted by the Board of Directors. The regulations published below were enacted by the Board of Directors on 3 March 2015. Pursuant to section 12(1) the Interpretation Regulations, regulations in ADGM shall come into force (a) where a particular day is specified by or under the regulations, on the expiration of the previous day; or (b) where the date of commencement is the date of publication, on the expiration of the day on which the regulations are published. Accordingly, the regulations published below come into force on the expiration of the day of their publication. The date of publication is specified in the notice of publication for each set of regulations.