03 April 2017, Abu Dhabi, UAE

Abu Dhabi Global Market Seeks Public Consultation on Enhancements to its Legislative Framework in relations to Funds and other Miscellaneous Amendments

The Abu Dhabi Global Market (ADGM), together with the ADGM Financial Services Regulatory Authority (FSRA) and the ADGM Registration Authority (RA), today issued a public consultation paper inviting public feedback and comments for enhancements of its legislative framework, including the regulations and rules in relation to funds.

The proposed amendments include:-

▪    Enhance the FSRA Fund Rules to facilitate the establishment of private real estate investment trusts (REITs) as an Exempt Fund or Qualified Investor Fund;

▪     Enhance the disclosure of Investment Company shareholdings to the ADGM RA under the Companies Regulations of 2015, as well as minimising the public disclosure of unitholders information;

▪    Align the description of the Regulated Activity of Managing a Collective Investment Fund in line with international practice.

These enhancements are part of ADGM’s ongoing commitment to continuously improve its framework, in a manner which balances risk based regulations with needs of market participants.

ADGM invites the public and industry participants to submit their comments to “Consultation Paper No. 1 of 2017” by 11 May 2017 to: 

Mail :

 

Consultation Paper No. 1 of 2017

Financial Services Regulatory Authority

Abu Dhabi Global Market Square

Al Maryah Island

PO Box 111999

Abu Dhabi, UAE

Email: consultation@adgm.com