Legal Framework

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 consultation@adgm.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.

REGULATIONS
Application of English Law Regulations Date of Enactment: 3 March 2015
Date of Publication: 14 June 2015
English Law Statutes  n/a
Companies Regulations  Date of Enactment: 3 March 2015
Date of Publication: 14 June 2015
Commercial Licensing Regulations Date of Enactment: 3 March 2015
Date of Publication: 14 June 2015
Insolvency Regulations Date of Enactment: 3 March 2015
Date of Publication: 14 June 2015
Employment Regulations Date of Enactment: 3 March 2015
Date of Publication: 14 June 2015
Real Property Regulations Date of Enactment: 3 March 2015
Date of Publication: 14 June 2015
Interpretation Regulations Date of Enactment: 3 March 2015
Date of Publication: 14 June 2015
Strata Title Regulations Date of Enactment: 3 March 2015
Date of Publication: 14 June 2015
NOTICE OF PUBLICATION OF REGULATIONS Date of Publication: 14 June

 

RULES: RULES MADE PURSUANT TO ADGM COMPANIES REGULATIONS 2015
Companies Regulations (International Accounting Standards) Rules 2015 Date of Enactment: 14 April 2015
Date of Publication: 15 June 2015
Companies Regulations (Model Articles) Rules 2015 Date of Enactment: 14 April 2015
Date of Publication: 15 June 2015
Business and Company Names Rules 2015 Date of Enactment: 14 April 2015
Date of Publication: 15 June 2015
Companies Regulations (Recognised Professional Body) Rules 2015 Date of Enactment: 14 April 2015
Date of Publication: 15 June 2015
Companies Regulations (Name Adjudication) Rules 2015 Date of Enactment: 14 April 2015
Date of Publication: 15 June 2015
Companies Regulations (Fees) Rules 2015 Date of Enactment: 14 April 2015
Date of Publication: 15 June 2015
NOTICE OF PUBLICATION OF RULES Date of Publication: 15 June 2015

 

RULES: RULES MADE PURSUANT TO ADGM COMMERCIAL LICENSING REGULATIONS 2015
Commercial Licensing Regulations 2015 (Controlled Activities) Rules 2015 Date of Enactment: 14 April 2015
Date of Publication: 15 June 2015
Commercial Licensing Regulations 2015 (Conditions of Licence) Rules 2015 Date of Enactment: 14 April 2015
Date of Publication: 15 June 2015
Commercial Licensing Regulations 2015 (Fines) Rules 2015 Date of Enactment: 14 April 2015
Date of Publication: 15 June 2015
Commercial Licensing Regulations 2015 (Exemptions) Order 2015 Date of Enactment: 28 April 2015
Date of Publication: 15 June 2015
Commercial Licensing Regulations 2015 (Fees) Rules 2015 Date of Enactment: 14 April 2015
Date of Publication: 15 June 2015
NOTICE OF PUBLICATION OF RULES Date of Publication: 15 June 2015

 

RULES: REGISTRAR MADE RULES
Companies Regulations (Address Disclosure) 2015 Date of Enactment: 15 June 2015
Date of Publication: 15 June 2015
Companies Regulations (Paper Form) Rules 2015  Date of Enactment: 15 June 2015
Date of Publication: 15 June 2015
Companies Regulations (Electronic Filing) Rules 2015 Date of Enactment: 15 June 2015
Date of Publication: 15 June 2015
Companies Regulations (Applications for Striking-off, Register Annotations and Rectifications) Rules 2015 Date of Enactment: 15 June 2015
Date of Publication: 15 June 2015
Companies Regulations (Register of Auditors) Rules 2015 Date of Enactment: 15 June 2015
Date of Publication: 15 June 2015
NOTICE OF PUBLICATION OF RULES Date of Publication: 15 June 2015

 

REGISTRAR GUIDELINES
ADGM Companies Regulations – Registrar’s General Rules and Powers Guidelines (April 2015) This is the guidance, not the rule, it does not need the enactment notice.
Date of Publication: 15 June 2015