Overview Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Dispute Resolution
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Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.

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Latest Initiatives Khaled bin Mohamed bin Zayed witnesses opening of 3rd Abu Dhabi Finance Week FSRA introduces a regulatory framework to support the issuance of Fiat-Referenced Tokens in ADGM
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A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.

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Latest News ADGM Reduces Commercial Licence Fees from January 2025 ADGM FSRA finalises enhancements to its Regulatory Framework for continued alignment with BCBS Principles and implements miscellaneous changes
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Highlights Abu Dhabi Sustainable Finance Forum’s COP28 Edition Deep-Dives into Nuances of “Building Green Financial Centres of the Future” ADGM, the Region's Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28
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Upcoming Events Global Private Credit | Middle East Investors' Conference Future of Asset Management Middle East LINK Networking Series
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  • Financial Services Firms

    42X Fund Management Limited
    Public Registers FSRA Public Register Financial Services Firm 42X Fund Management Limited Company is Withdrawn Financial Services Permission Number 220106 Date of Financial Services Permission 11 September 2023 Address floor 16, 16, Al Sarab Tower, Adgm Square, Al Maryah Island, Abu Dhabi, United Arab Emirates Legal Status Private Company Limited by Shares Regulated Activities Type Effective date Withdrawn Date Managing a Collective Investment Fund 11 September 2023 13 September 2024 Conditions In accordance with section 30(4)(a) of FSMR, the following limitations and stipulations apply to all Regulated Activities, unless specified otherwise:
    • 42X Fund Management Limited is not permitted to deal with Retail Clients as defined under the Conduct of Business Rulebook (COBS); and
    • 42X Fund Management Limited is not permitted to hold or control Client Assets.
    Endorsements None Regulatory Actions None
    Approved Persons
    Reference Number Name Role Status Effective date start Withdrawn date 01446 Chen Yen Li Senior Manager Withdrawn 11 September 2023 13 September 2024 01446 Chen Yen Li Compliance Officer and MLRO Withdrawn 11 September 2023 13 September 2024 01447 Hashim Al Kudsi Licensed Director Withdrawn 11 September 2023 13 September 2024 00998 Martin Edelman Licensed Director Withdrawn 11 September 2023 13 September 2024 01445 Peng Xiao Licensed Director Withdrawn 11 September 2023 13 September 2024 01448 Wayne Michael Robertson Finance Officer Withdrawn 11 September 2023 13 September 2024 00493 Xiaoping Zhang Licensed Director Withdrawn 11 September 2023 13 September 2024 00493 Xiaoping Zhang Senior Executive Officer Withdrawn 11 September 2023 13 September 2024

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