Regulatory Alerts2022-01-01
Consultation Paper No. 1 of 2022 - Proposals for Enhancements to Capital Markets and Virtual Assets in ADGM
The Financial Services Regulatory Authority of Abu Dhabi Global Market proposes significant amendments to its capital markets and virtual asset regulatory frameworks to align with global standards. The proposals introduce new profit- and asset-based listing eligibility tests, specific regimes for mining and petroleum entities, and a new regulatory framework for spot commodities and emissions instruments. Additionally, the FSRA seeks feedback on enhanced continuous disclosure requirements, price and position limits for derivatives, and the replacement of the Rules of Market Conduct with a Code of Market Conduct.
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