ADGM implements approved changes and enhancements to Funds Structure and Offerings

ADGM 19/06/2017

In response to Consultation Paper No. 1 of 2017, Abu Dhabi Global Market (ADGM) received supportive feedback from the public and industry participants during the consultation period to the proposed enhancements of the ADGM’s legislative framework, including the regulations and rules in relation to funds.  The Board of Directors of the ADGM have thus enacted and published changes to numerous ADGM regulations and rules, as more particularly described in the Consultation Paper. These changes are part of ADGM’s ongoing commitment to align with international best practice and to provide a fair, well-regulated and internationally-recognised platform that meets the needs of its markets.

The enacted revisions include enhancements to the Fund Rules and Companies Regulations which enable the establishment of private real estate investment trusts (REITs) in the ADGM and safeguard the privacy of unitholders of ADGM-based funds.

The amendments to the Regulations and Rules are immediately effective as of the current date. The Financial Services Regulatory Authority and the Registration Authority express their appreciation to all respondents who had submitted comments and observations in response to the proposed amendments.

ADGM will regularly review and strengthen its financial services rules and regulations to maintain a robust and highly efficient funds and investment platform, and in response to the developments of the local and global markets.

For the newly implemented changes and enhancement, please “ADGM Legal Framework – Notices of Publication – Regulations & Rules” for more details.