News

The Registration Authority (RA) of ADGM, would like to alert members of the public about the circulation of a document purporting to be an ADGM Commercial Licence issued to ‘Grummies ADGM Holding Company’, suggesting that it is licensed and registered with the ADGM RA. 

ADGM’s RA confirms that:

• Grummies ADGM Holding Company is not incorporated, registered, or licensed with the RA and does not appear on ADGM’s Public Register of Companies;
• to date, Grummies ADGM Holding Company has not applied for a commercial licence with ADGM; and
• the RA has no connection with Grummies ADGM Holding Company.

The RA is particularly concerned that inaccurate claims or documents regarding the registration and licensing status of any entity may cause members of the public to engage with or invest in non-ADGM entities, on the incorrect belief that these entities are incorporated, registered, licensed, or otherwise subject to ADGM oversight.

Inaccurate claims or documents regarding an entity’s regulatory status may expose members of the public or potential investors to financial risk.

Members of the public are encouraged to exercise caution and independently verify any claimed association with ADGM, particularly where investment opportunities, requests for payment, or requests for personal or financial information are involved.

Under ADGM’s commercial legislation, it is a serious contravention to misrepresent that an entity is incorporated, registered, or licensed in or from ADGM when this is not the case.

This type of misconduct may result in regulatory enforcement action, including (but not limited to) the imposition of financial penalties. 

Public Guidance:

• Verify the status of any entity claiming to be incorporated, registered, or licensed in ADGM by searching ADGM’s Public Register of Entities at: www.registration.adgm.com.
• Verify the authenticity of any ADGM licence certificate, or certificate of incorporation, received using ADGM’s document verification tool where document can be uploaded and verified at: www.registration.adgm.com
• Exercise caution when contacted by any person or entity purporting to be associated with ADGM, particularly where investment opportunities, payment requests, or the provision of personal or financial information are involved.
• Submit a complaint to the Registration Authority through the complaint portal available here.