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Abu Dhabi Global Market Seeks Public Consultation on Enhancements to Its Legislative Framework in Relations to Funds and Other Miscellaneous Amendments

ADGM 03/04/2017

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