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 FSRA Supervision Outreach Session 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
  • Announcement


    ADGM’s Financial Services Regulatory Authority launches its AI initiative on Open Regulation

    ADGM FSRA 29/11/2022
    Lean Tech
    • The Initiative will tap the innovation community in the co-creation of AI models and applications to achieve better regulatory outcomes

    The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has launched an initiative to foster the development of intelligent regulatory technology (RegTech) tools and help Artificial Intelligence (AI) achieve regulatory context and understanding, thereby unlocking the potential of AI in the field of regulatory compliance.

    Hosted in the ADGM GitHub repository, the Open Regulation (OpenReg) initiative provides a “training ground” where industry specialists, RegTech companies and the data science community have access to FSRA’s AI models, data and research to create AI-enabled RegTech tools.

    Financial services firms are increasingly relying on AI applications and machine-learning techniques in their day-to-day processes and decision making. One area that can be difficult to automate is regulatory compliance, as it can be highly cognitive and contextual. Any incomplete information or misinterpretation of a rule could lead to inappropriate business decisions, improper risk management and control, or possible regulatory breaches. Understandably, firms are reluctant to deploy AI in regulatory compliance and instead rely on in-house or outsourced specialists for compliance assurance through manual processes. This creates inefficiencies and increases the cost of being regulated.

    Without regulatory context, AI applications will be limited in their potential to help financial services firms navigate the regulatory landscape. In this regard, OpenReg provides the regulatory context required by firms to develop their own AI solutions. The OpenReg initiative builds on the foundation of FSRA’s earlier project on Digital Regulation, by providing interested stakeholders an opportunity to engage with us on the further evolution of this important RegTech innovation.

    Accordingly, the FSRA invites the industry, RegTech companies and data science community to use the AI training ground to build the next generation of AI-enabled RegTech solutions.

    In conjunction, the FSRA and the Mohamed Bin Zayed University of Artificial Intelligence (MBZUAI) are working on a collaboration to leverage OpenReg and the university’s deep AI expertise to accelerate the adoption of AI in financial regulation. One specific area of interest relates to the development of programmable compliance in smart contracts to harness the potential of decentralised finance.

    Commenting on this initiative, Mr Emmanuel Givanakis, CEO of the ADGM FSRA said: “This is the first time a regulator has tried to provide regulatory context in the form of machine-readable regulations and AI models. By working with the industry and developer community and providing access to the underlying data that we used to create our own AI model, we are looking toward building smarter AI and RegTech solutions, that make financial regulation simpler, clearer, and more effective”.

    For access to the OpenReg repository and to work with us on this initiative please email barry.west@adgm.com.