Regulatory Alerts2016-11-02
FinTech Regulatory Laboratory Guidance
The Financial Services Regulatory Authority of the Abu Dhabi Global Market has issued this guidance to establish a tailored regulatory laboratory framework that allows eligible fintech firms to develop and test innovative solutions under modified rules. Applicants must satisfy specific evaluation and authorisation criteria, including demonstrating innovation potential, adequate resources, and a clear testing strategy, while benefiting from a blank-sheet approach that selectively waives or modifies standard regulatory requirements based on risk. Authorised participants receive a two-year financial services permission subject to defined client limits, reporting obligations, and safeguard conditions, with clear pathways to migrate to full authorisation or exit the framework upon test completion.