Regulatory Alerts2016-01-01
Consultation Paper No. 2 of 2016 – Financial Services – FinTech Regulatory Framework
The Financial Services Regulatory Authority of the Abu Dhabi Global Market proposes a Regulatory Laboratory to enable FinTech participants to test innovative products within controlled boundaries without immediate full regulatory compliance. This tailored framework applies risk-proportionate rules, grants two-year authorizations, and offers operational cost efficiencies to foster innovation while safeguarding consumers and systemic stability. Participants must demonstrate novel innovation, sustainable business models, and clear exit strategies to qualify for the program before migrating to the standard regulatory regime.
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