Regulatory Alerts2022-11-08
Companies Regulations (Amendment No X) 2023
The Board of Directors of the Abu Dhabi Global Market enacted amendments to the Companies Regulations 2020 to introduce mandatory Environmental, Social and Governance disclosures. Large companies with turnover exceeding 68 million USD or financial institutions managing over 6 billion USD in assets must report ESG data in their annual accounts or a separate document. The regulations provide exemptions for subsidiaries included in group accounts, listed companies, Restricted Scope Companies, and Investment Companies.
Share