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 Make an enquiry Support FAQs Whistleblowing
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 welcomes Al Reem Island businesses to its community 100 Days To Go: Abu Dhabi Finance Week’s 2023 Edition Expects Leadership of 3500+ Top Financial Firms from Over 100 Countries
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 ADGMA Forges Strategic Collaborations to Advance Financial Education and National Development Abu Dhabi Sustainable Finance Forum’s COP28 Edition Deep-Dives into Nuances of “Building Green Financial Centres of the Future”
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 No events yet
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

    FSRA introduces enhancements to the regulatory framework for Providing Money Services

    ADGM FSRA 09/11/2020
    FSRA introduces enhancements to the regulatory framework
for Providing Money Services
    • Encourages innovative FinTech approaches for money services
    • Recognises use of payment accounts and stored value

    The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued enhancements to the Regulations and Rules concerning the authorisation and supervision of the activities that constitute the Regulated Activity of Providing Money Services (PMS) within ADGM. The enhancements are part of ADGM's ongoing commitment to encourage FinTech solutions and improve its regulatory framework based on global developments, in a manner that balances risk-based regulations with the needs of market participants.

    The key enhancements include amending the scope of PMS to better encompass the activities of providing payment accounts and the issuance of stored value, which frequently feature alongside the related activities of currency exchange and money transmission. These improvements also introduce a new set of Rules in the FSRA’s Conduct of Business Rulebook (COBS) that are appropriate for payment accounts and stored value services, as well as more risk-sensitive capital requirements for such services in the Prudential – Investment, Insurance Intermediation and Banking Rules (PRU).

    “The FSRA is excited to implement the framework on Money Services to promote an efficient payments system and innovation in a safe and well regulated environment. The ability of financial institutions to collaborate with multiple parties securely and efficiently to deploy modern FinTech solutions has immense potential to improve financial inclusion in the region.” said Mr Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority of ADGM.

    The enhanced framework will further add to the FSRA’s comprehensive regulatory framework in catering for a wide-range of money services for varying business needs and supporting Abu Dhabi’s digital transformation agenda, thereby bolstering the growth and diversification of the UAE’s enterprise economy.

    The amended versions of the FSRA Regulations and Rules are available here: