Regulatory Alerts2018-01-01
Consultation Paper No. 7 of 2018 – Consultation on proposed Fund Passporting Rules
The Financial Services Regulatory Authority of Abu Dhabi Global Market proposes new Fund Passporting Rules to enable ADGM-established collective investment funds to be promoted across the UAE without obtaining multiple local licenses. The regime requires eligible funds to register with the FSRA and pay specified fees, after which they are listed in a shared register to facilitate cross-border promotion by authorized persons. This initiative establishes a reciprocal framework with the DFSA and SCA to streamline market access while maintaining supervisory responsibilities and enforcement powers for host regulators.
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