Regulatory Alerts2024-01-01
Consultation Paper No. 8 of 2024 - Proposal for a Commercial Permits Framework
The Abu Dhabi Global Market Registration Authority proposes a comprehensive regulatory framework requiring licensed persons and third parties to obtain commercial permits for specific ancillary activities such as alcohol and shisha sales. The draft regulations establish detailed application conditions, including landlord consent and fire safety certifications, while granting the Authority powers to grant, suspend, or revoke permits and impose fines for non-compliance. Additionally, the proposal introduces specific fee structures benchmarked against onshore rates, including late filing penalties, with public comments accepted until 29 September 2024.
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