Regulatory Alerts2022-05-24
Commercial Licensing Regulations 2015 (Fines) Rules 2022
The Board of Directors of the Abu Dhabi Global Market issued the Commercial Licensing Regulations 2015 (Fines) Rules 2022 to establish a standardized scale of monetary penalties for regulatory breaches. The rules prescribe eight specific fine levels ranging from 1,000 to 50,000 US dollars, mandating that statutory references to maximum fines correspond to these fixed amounts unless a lesser sum is justified. This instrument simultaneously repeals the previous Commercial Licensing Regulations 2015 (Fines) Rules 2015 and 2020 to consolidate the penalty framework.
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