Regulatory Alerts2022-05-24
Employment Regulations (Amendment No. 1) 2022
The Board of Directors of the Abu Dhabi Global Market enacted regulations to amend the Employment Regulations 2019 by introducing a new section 61A. This new section empowers the Board to establish rules for fees payable to the Registrar for performing functions, providing services, and handling documents. The regulations also correct terminology regarding hourly rates and redefine the calculation of the hourly rate based on daily wages and normal working hours.
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