FSRA Regulatory Alerts

The Financial Services Regulatory Authority (FSRA) is the regulator of licensed financial services establishments in the Abu Dhabi Global Market (ADGM), which is a purpose built financial free zone located within the Emirate of Abu Dhabi in the United Arab Emirates.

The regulatory alerts are intended to educate and inform the marketplace and investors of any wrongdoings, unauthorised activates and untoward events that have breached the FSMR rules.

The FSRA works closely with its fellow Registration Authority and ADGM Courts as well as other relevant authorities, to oversee and maintain a robust and well-regulated financial centre and safeguard the interests of investors.

The FSRA issues regulatory alerts about potential fraudulent conduct that may harm investors and damage the reputation of the ADGM. The regulatory alerts are intended to educate and inform the marketplace and investors of potential misconduct so that they may take action to protect themselves.

The FSRA maintains a list of regulatory alerts it has issued, which can be found below.

Date IssuedSubject of AlertCompany Name
14 Sept 2016 ADGM FSRA Issues Scam Alert about Rothschild Gulf Investment Bank Rothschild Gulf Investment Bank
15 Nov 2018 ADGM FSRA Issues Alert Concerning Fraudulent Website by Al Mutahidha Investment Company PJSC Al Mutahidha Investment Company PJSC
29 Nov 2018 ADGM FSRA Issues Alert Concerning Misleading Website by XCOQ Pro Limited XCOQ Pro Limited

 

Only firms authorised by the FSRA can undertake Regulated Activities in the ADGM.

To determine if an entity has a Financial Services Permission to conduct Regulated Activities in the ADGM you can search the FSRA’s Public Register – please click here https://www.adgm.com/doing-business/financial-services-regulatory-authority/fsra-public-register/ .

In addition, to determine if a firm is incorporated or registered in the ADGM you can check the ADGM Registration Authority’s Public Register – please click this link : https://www.adgm.com/doing-business/registration-authority/

If you have been contacted by a firm or individual that purports to be authorised by the FSRA, or operating in the ADGM but, in fact is not, you should cease to deal with entity and make a complaint to the FSRA by this email fsra.complaints@adgm.com