Regulatory Alerts2022-12-09
Abu Dhabi Global Market Financial Services and Markets (Amendment No X) Regulations 2023
The Board of Directors of the Abu Dhabi Global Market enacted the 2023 Amendment Regulations to modify the Financial Services and Markets Regulations 2015. These amendments formally define key terms such as Borrower, Lender, and Credit Facility Agreement while establishing specific regulated activities including advising on investments or credit and providing or arranging credit. The regulations also introduce targeted exclusions for incidental lending, private credit funds, and credit agreements connected to the sale of goods or joint enterprises.
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