Rules and Guidance

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Financial Services Rules and Guidance

Financial Services and Markets Regulations (FSMR) establishes the legislative and regulatory framework for financial services in ADGM. In particular, FSMR has been broadly modelled on the UK’s Financial Services and Markets Act 2000 (FSMA) and other related legislation. FSMR contains provisions including the Financial Services Regulatory Authority (“the Regulator”) structure and powers, authorisation, recognition, market infrastructure bodies, enforcement and information gathering powers, accounting/auditing, listing and prospectuses, collective investment funds, settlement finality, disclosure of information, financial services transfers, etc.

FSMR is supplemented by the FSMR Rulebook consisting of various modules as well as a Guidance and Policies Manual.

These modules detail the requirements that firms must meet following their authorisation by the FSRA.