Overview Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Arbitration Centre Overview Business areas Setting up Operating in Public registers Legal framework Regulation Awareness Collaboration Ecosystem ADGM Sustainable Media News Events Spotlight Podcasts Publications Support Make an enquiry Whistleblowing FAQs
A platform that offers limitless opportunities and paves the way for a brighter future

Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.

Read about Abu Dhabi's lifestyle
Latest initiatives ADGM Announces Incentive Initiative for Existing Al Reem Island Businesses Transitioning to ADGM ADGM Marks Its Presence on Al Reem by Hosting its First Community Event on the Island
Providing an environment that empowers the future

A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.

Find out how to set up in ADGM
Latest news 24 French Asset Management Firms With $1.6 Trillion AUM Convene for Second UAE – France Investor Meetup ADGM's Financial Regulator fines Sarwa Digital Wealth (Capital) Limited USD 122,500 for making an Offer of Securities in ADGM without Approved Prospectus
Preserve our economies and environment for future generations

ADGM, the centre for a transparent and thriving sustainable finance ecosystem.

More about our Sustainability vision
Highlights ADGM, the Region's Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28 ADGM Implements its Sustainable Finance Regulatory Framework
Stay up-to-date with our wide range of available resources

Our community of business professionals, entrepreneurs, and investors can depend on ADGM to provide timely news and reliable insights.

Read our latest news articles
Upcoming events ADGM's 4th Annual FATCA and CRS Awareness Session LINK Networking Series
We are here to help

At ADGM, we offer various support options, including contact details, FAQs, enquiry forms, and a whistleblowing form.

View available support options
Some of our FAQ topics
  • Getting started
  • Foundations regime
  • Resolution for incorporation
  • Existing auditors
  • New auditors
  • ACCESSADGM
  • Announcement

    service

    share

    facebooktwitterlinkedin

    Abu Dhabi Global Market launches a world-class electronic prudential reporting structure and system with solution from CoreFiling

    ADGM FSRA 20/09/2017

     

    Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has engaged CoreFiling, one of the world’s most influential suppliers of financial reporting and XBRL compliance technologies, to implement its electronic prudential reporting system with effect on 17 September 2017. The e-prudential reporting system is part of the ongoing initiatives by the Financial Services Regulatory Authority (FSRA) of ADGM to better address the needs of its stakeholders, as well as, to advocate international financial reporting practice and compliance in its marketplace.
    ADGM has engaged CoreFiling based on its track-record and international expertise in the field of XBRL compliance to support financial regulations, create taxonomies and utilise the True North data processing and validation technology to provide the latest, efficient and comprehensive online reporting platform. The ADGM e-reporting system is also a flexible platform that allows different reporting formats (XL, CSV or XBRL) which firms can apply fittingly to submit their financial reports on time and easily.

    Mr Thomas Hirschi, Executive Director of Banking & Insurance, FSRA of ADGM, said: "The ADGM electronic financial reporting tool is set up to support our authorised firms in meeting their regulatory obligations and satisfying compliance standards. Local and international ADGM firms can file their prudential financial reports effectively and in a timely manner regardless of their locations. This e-prudential financial reporting system is one of the numerous initiatives that the FSRA will continuously put in place to enhance the framework.  As the Financial Services Regulator of the International Financial Centre, the FSRA is committed to maintain an open, sustainable and well-regulated environment that adheres to the international financial and banking regulatory standards and best practices."

    Commenting on the new venture Phillip Allen, Executive Chairman of CoreFiling said: "We are proud to be supporting the ADGM in its mission to introduce stringent financial regulations to the region. At CoreFiling, we have been involved with developing the world’s most heavily used taxonomies. Our tools offer a truly automated solution trusted by governmental bodies and regulators around the world, including the UK’s HMRC."