Public Consultations
ADGM informs public and marketplace plans, unveils comments on proposed initiatives and rules ammendments through public consultations.

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Consultation Paper No. 3 of 2019 – Proposed revision of FEES Rules

Consultation Closing Date: 22 October 2019

Status: open

Open

The Financial Services Regulatory Authority (FSRA) would like to invite comments on its proposed amemdments to certain fees for Domestic Funds, Foreign Fund Managers of Domestic Funds, Remote Bodies and Remote Members. These proposed changes reflect the FSRA’s ongoing and future workload associated with its funds and markets frameworks.

Consultation Paper No. 2 of 2019 – Proposed Amendments to the Employment Rules and Regulations in ADGM

Consultation Closing Date: 28 April 2019

Status: closed

Open

The Registration Authority would like to invite public comments on the proposed amendments to the employment rules and regulations. The consultation paper also seeks public comment on the proposed introduction of a temporary work permit regime by way of ADGM Employment Regulations 2019 (Engaging Non-Employees) Rules 2019.

Consultation Paper No. 1 of 2019 – Proposed Revisions to the Anti-Money Laundering Regime in ADGM

Consultation Closing Date: 12 March 2019

Status: closed

Open

The Financial Services Regulatory Authority would like to invite public comments on the proposed revisions to ADGM’s regime for combatting money laundering, the financing of terrorism and proliferation, and the financing of unlawful organisations. The proposed revisions to the existing anti-money laundering regime have been formulated in the context of a recent review of the federal criminal laws of the UAE in relation to money laundering, terrorist financing and the financing of unlawful organisations.

Consultation Paper No. 9 of 2018 - Proposed Late Renewal Penalty Guide – Commercial Licences

Consultation Closing Date: 31 January 2019

Status: closed

Open

The Registration Authority would like to invite comments its proposed late renewal penalty guide – commercial licences, which sets out the Registration Authority’s policy and procedures in relation to the application of financial penalties (fines) for late commercial licence renewals under the ADGM Commercial Licensing Regulations 2015.

Consultation Paper No. 8 of 2018 - Proposed Late Filing Penalty Guide - Annual Accounts

Consultation Closing Date: 31 January 2019

Status: closed

Open

The Registration Authority would like to invite comments its proposed late filing penalty guide – annual accounts, which sets out the Registration Authority’s policy and procedures in relation to the application of financial penalties (fines) for late filings of annual accounts under the ADGM Companies Regulations 2015.

Consultation Paper No. 7 of 2018 - Proposed Fund Passporting Rules

Consultation Closing Date: 03 January 2019

Status: closed

Open

The Financial Services Regulatory Authority would like to invite comments on its proposed fund passporting rules and regime, following the joint agreement with the Securities and Commodities Authority (SCA), and the Dubai Financial Services Authority (DFSA) to facilitate the licensing and promotion of domestic across the U.A.E. Such a regime will also enable Collective Investment Funds established within ADGM to be promoted across the whole of the U.A.E including the Financial Free Zones.

Consultation Paper No. 6 of 2018 - Proposed Litigation Funding Rules

Consultation Closing Date: 05 December 2018

Status: closed

Open

Abu Dhabi Global Market Courts has issued this Consultation Paper to invite comments from industry professionals and the public on the proposed litigation funding rules (“Rules”) which are to apply to litigation funding agreements as defined in the ADGM Courts, Civil Evidence, Judgments, Enforcement and Judicial Appointments Regulations 2015.

Consultation Paper No. 5 of 2018 - Proposed Bank Recovery and Resolution Regulations

Consultation Closing Date: 08 November 2018

Status: closed

Open

The Financial Services Regulatory Authority would like to invite comments on its proposed Bank Recovery and Resolution regime that is designed to effectively address the risks posed by the failure of any bank, significant financial institution or a member of its financial group in the ADGM jurisdiction. The proposed Bank Recovery and Resolution Regulations would empower the FSRA to act as the resolution authority for ADGM; this would apply to various institutions including those that accept deposits, provide clearing services or deal in investments as principal.

Consultation Paper No. 4 of 2018 – Proposed Regulatory Framework for Operators of Private Financing Platforms

Consultation Closing Date: 16 August 2018

Status: closed

Open

The Financial Services Regulatory Authority would like to invite comments on its proposed regulatory framework for operators of Private Financing Platforms (PFPs) to provide alternative financing options for startups and small and medium-sized enterprises in Abu Dhabi, UAE and the wider MENA region. This follows the March discussion paper which set out the introductory considerations on the scope and form of a risk-proportionate regulatory framework for PFPs.

Consultation Paper No. 3 of 2018 – Registration Authority Decision Procedures and Enforcement Manual

Consultation Closing Date: 30 June 2018

Status: closed

Open

The Registration Authority would like to invite the public comment on its proposed Decision Procedures and Enforcement Manual, which sets out policy and procedures in relation to the exercise of its enforcement powers and related decision making, under the Commercial Licensing Regulations 2015.

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