Regulatory Alerts2024-06-12
Commercial Licensing Regulations (Conditions of Licence and Branch Registration) Rules 2024
The Board of Directors of the Abu Dhabi Global Market issued these Rules to establish the application procedures, licensing conditions, and branch registration requirements for commercial entities. The regulations mandate specific documentation and financial standing evidence for applicants, while imposing ongoing compliance obligations such as maintaining authorized signatories and adhering to sector-specific standards for legal, accountancy, and healthcare services. Furthermore, the Rules define branch operational duties, including accounting record retention and notification of changes, and grant the Registrar authority to strike inactive branches from the register.
Share