News

The Financial Services Regulatory Authority (FSRA) of ADGM has today published Consultation Paper No. 8 of 2025 to seek views on proposed enhancements to its regulatory framework for continued alignment with international best practices and standards set out in the IOSCO Objectives and Principles of Securities Regulation.

The key enhancements to the regulatory framework relate to the FSRA’s powers and processes, including:

• To introduce a general prohibition on misleading and deceptive conduct;
• The FSRA’s power to suspend a Financial Services Permission (FSP) or Approved Person’s status on the FSRA’s own initiative;
• To clarify the FSRA’s ability to grant an FSP subject to conditions;
• The FSRA’s ability to impose directions for prudential purposes; and
• The FSRA’s ability to exercise certain powers with immediate effect while ensuring that important procedural safeguards remain in place for those affected by FSRA decisions.

The FSRA is also enhancing its disclosure requirements and powers relating to offering units of a Fund, and making other specific changes focussed on protecting client assets, appointing auditors, complaints handling and record-keeping.

The consultation period will close on 27 August 2025, and the consultation materials can be viewed via this link: Consultation Paper No. 8 of 2025 – Enhancements for Continued Alignment with International Standards – IOSCO Principles.