Regulatory Alerts2016-01-01
Consultation Paper No 3 of 2016 – Financial Services – Legislative Framework for FinTech
The Financial Services Regulatory Authority of the Abu Dhabi Global Market proposes a legislative framework to establish a Regulatory Laboratory for testing innovative financial technology solutions. This framework introduces a new regulated activity allowing participants to develop and test solutions in a controlled environment for up to two years under tailored, risk-based rules. The authority seeks public feedback on these draft amendments to the Financial Services and Markets Regulations and associated guidance before finalizing the regime expected to take effect in late 2016.
Share