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ADGM FSRA: 09 Apr 2025
The Financial Services Regulatory Authority (FSRA) of ADGM has published Consultation Paper No. 2 of 2025, setting out proposed amendments to the prudential framework for Authorised Persons classified as Category 3B, 3C and 4 under the FSRA’s Prudential - Investment, Insurance Intermediation and Banking Rulebook ("PRU") and seeking feedback on those proposals.
The proposed amendments include revisions to the capital requirements applicable to Category 4 firms, changes to the reporting requirements applicable to Category 3B and 3C firms and changes to the professional indemnity insurance requirements under PRU.
The consultation period will close on 21 May 2025 and the consultation materials may be viewed via this link: Consultation Paper No. 2 of 2025 – Review of Prudential Framework for Lower Risk Firms.
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