3 April 2017, Abu Dhabi, UAE 

The Abu Dhabi Global Market (ADGM), together with the ADGM Financial Services Regulatory Authority (FSRA) and the ADGM Registration Authority (RA), today issued a public consultation paper inviting public feedback and comments for enhancements of its legislative framework, including the regulations and rules in relation to funds.

The proposed amendments include:-

  • Enhance the FSRA Fund Rules to facilitate the  establishment of private real estate investment trusts (REITs) as an Exempt Fund or Qualified Investor Fund;

  • Enhance the disclosure of Investment Company shareholdings to the ADGM RA under the Companies Regulations of 2015, as well as minimising  the public disclosure of unitholders information;

  • Align the description of the Regulated Activity of Managing a Collective Investment Fund in line with international practice.

These enhancements are part of ADGM’s ongoing commitment to continuously improve its framework, in a manner which balances risk based regulations with needs of market participants.

ADGM invites the public and industry participants to submit their comments to “Consultation Paper No. 1 of 2017” by 11 May 2017 to: 

Mail :

Consultation Paper No. 1 of 2017
Financial Services Regulatory Authority
Abu Dhabi Global Market Square
Al Maryah Island 
PO Box 111999 
Abu Dhabi, UAE 
Email: consultation@adgm.com

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About Abu Dhabi Global Market 
Abu Dhabi Global Market (ADGM), an international financial centre located in the capital city of the United Arab Emirates, opened for business on 21st October 2015.

In line with the Abu Dhabi’s Economic Vision, ADGM is a natural extension of Abu Dhabi’s role as a reliable and responsible member of the global financial community. Strategically situated in Abu Dhabi, home to one of the world’s largest sovereign wealth funds, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance that connects the growing economies of the Middle East, Africa and South Asia.

ADGM’s three independent authorities, the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, enable registered companies to conduct business in a zero-percent tax environment and operate with confidence within an international regulatory framework with its own independent judicial system and legislative infrastructure based on the Common Law.

Established by a UAE Federal Decree as a broad based financial centre, ADGM’s foundation is anchored on three of Abu Dhabi’s strategic strengths - private banking, wealth management and asset management and will continually expand its financial services in response to the needs of its businesses and marketplace.

Abu Dhabi Global Market is located on Al Maryah Island, a 114-hectare development that is home to world-class business and lifestyle facilities such as the Rosewood and Four Seasons Hotels and Residences, the first ever specialty Cleveland Clinic Hospital outside of USA, luxury retail at the Galleria Mall, and grade-A offices spaces to meet Abu Dhabi’s long-term development and economic needs. All these complement ADGM’s international financial centre position as a vibrant destination in the capital city in Abu Dhabi. For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket, @FinTechAD, #FinTechAD, and Linked : ADGM

For further enquiries, please contact: 
Joan Lew, Senior Manager, Communications
Email: joan.lew@adgm.com
Telephone: +971 2 333 8858 
Online: www.adgm.com  

© Press Release 2017