FSRA publishes amendments to Common Reporting Standard Regulations

In consultation with the UAE Ministry of Finance, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has announced the enactment of amendments to the ADGM’s Common Reporting Standard Regulations 2017. The amendments effect a consistent schedule of violations and associated regime of administrative penalties across the UAE, and augment some procedural aspects associated with the imposition and appeal of such penalties.

The amended version of the Regulations is publicly available and has been uploaded to the FSRA’s website: FSRA Regulations (Common Reporting Standard Regulations).