Regulatory Alerts2022-05-24
Commercial Licensing Regulations 2015 (Conditions of Licence and Branch Registration) Rules 2022
The Board of Directors of the Abu Dhabi Global Market issued these Rules to establish the application procedures, licensing conditions, and branch registration requirements for commercial licensees. The document mandates specific documentation and information for applicants, including proof of good standing and financial reports for non-ADGM entities, while setting out general and activity-specific conditions for legal, accountancy, insolvency, and healthcare services. It further details ongoing compliance obligations, accounting record-keeping for branches, and the Registrar's powers to strike off inactive branches from the register.
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