Regulatory Alerts2023-12-13
Guidance on Regulation of Spot Commodity Activities in ADGM
The Financial Services Regulatory Authority of the Abu Dhabi Global Market has issued this guidance to establish a comprehensive regulatory framework for trading, clearing, and settling spot commodities within the jurisdiction. Authorised persons must demonstrate that their activities involve Accepted Spot Commodities meeting stringent standards for responsible sourcing, market fundamentals, delivery soundness, fungibility, and anti-money laundering compliance. The framework extends existing conduct of business rules to spot commodities, mandates third-party audits and sustainability disclosures, and clarifies authorization pathways for exchanges, trading facilities, and clearing houses.
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