Guidance, Templates and Policy Statements

The FSRA has formalised the conditions that Authorised Persons dealing in over-thecounter leveraged products (“OTC Leveraged Products”) in relation to Retail Clients are subject to, in order to provide transparency and clarity around those requirements.

This Guidance is issued under section 15(2) of the Financial Services and Markets Regulations 2015 (“FSMR”). It should be read in conjunction with FSMR and the Market Rules (MKT) of the Financial Services Regulatory Authority (“FSRA”).

This Guidance is published to assist Issuers, Listed Companies, Reporting Entities (and their advisors) to comply with the disclosure requirements contained in Chapter 11 of MKT, which relate to Minerals activities.

This Guidance is published to assist Issuers, Listed Companies, Reporting Entities (and their advisors) to comply with the disclosure requirements contained in Chapter 12 of MKT, which relate to Petroleum activities.

This Guidance sets out the FSRA’s approach to the regulation of the trading, clearing, settlement and related activities for Spot Commodities in and from ADGM, including activities conducted by Recognised Investment Exchanges, Multilateral Trading Facilities, Organised Trading Facilities, Price Reporting Agencies and intermediary-type Authorised Persons.

The purpose of the Code of Market Conduct ("CMC") is to supplement the Market Abuse provisions in Parts 8 and 9 of the Financial Services and Markets Regulations 2015 ("FSMR").

The Guiding Principles cover the FSRA's approach to virtual asset regulation and supervision, specifically outlining its expectations and risk appetite for the sector via the key pillars of: regulation; authorisation; preventing financial crimes; supervision; enforcement; and international cooperation.

The Central Bank of the UAE (CBUAE), together with the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market, collectively referred to as “Supervisory Authorities”, have issued the “Guidelines for Financial Institutions adopting Enabling Technologies” (“the Guidelines”).

The Guidance sets out the FSRA’s approach to an application for an FSP to operate under the framework outlined here for VC Managers (the “VC Manager Framework”), in addition to the existing requirements in relation to the Threshold Conditions as set out in the FSMR and GEN Rules.

This Guidance is to provide clarity to Relevant Persons and to assist them in understanding their obligations under the UAE ‘Anti-Money Laundering and Combating the Financing of Terrorism’ (AML/CFT) framework, as well as the requirements contained in the Financial Services Regulatory Authority’s AML and Sanctions Rules and Guidance. These laws and regulations set out the minimum standards that must be adhered by Financial Institutions and Designated Non-Financial Businesses and Professions in the creation and implementation of their KYC policies, processes and procedures.