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.
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.
ADGM, the centre for a transparent and thriving sustainable finance ecosystem.
Our community of business professionals, entrepreneurs, and investors can depend on ADGM to provide timely news and reliable insights.
At ADGM, we offer various support options, including contact details, FAQs, enquiry forms, and a whistleblowing form.
FSRA proposes updating its regulatory framework for Money ServicesADGM FSRA 25/06/2020
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published a consultation paper proposing enhancements to its framework for Providing Money Services, via revisions primarily to the “Financial Services and Markets Regulations 2015” and the “Conduct of Business Rulebook (COBS)”.
The encouragement by ADGM of innovative FinTech approaches in the financial services sector, including for money services, has led to new business models for the provision of money services to consumers in ADGM and more widely throughout the region. The proposals reflect the growing importance of money services, in terms of the use of both payment accounts and stored value mechanisms to undertake transactions. These enhancements will update the existing framework to reflect the emergence of these new business models and methods for the transfer of money.
For more information on the proposed updates, please visit the dedicated webpage: Proposals for revision of the regulatory framework for Providing Money Services in ADGM
For further enquiries, please contact: