Regulatory Alerts2020-01-01
Consultation Paper No. 9 of 2020 – Proposed Amendments to the ADGM Auditors’ Framework
The Registration Authority of the Abu Dhabi Global Market proposes amendments to its Auditors’ Framework to align with international standards and enhance regulatory oversight. The proposals introduce a mandatory three-tiered registration system with tiered requirements for audit quality, independence, and experience, alongside expanded powers for the Registrar to monitor and sanction firms. Additionally, the document outlines revised fee structures, specific transition periods for existing auditors, and the enactment of new Companies and Commercial Licensing Regulations.
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