Regulatory Alerts2018-03-11
Added · Updated
Proposed Regulatory Framework for Operators of Private Financing Platforms
The Financial Services Regulatory Authority of the Abu Dhabi Global Market proposes a tailored regulatory framework for operators of Private Financing Platforms to facilitate alternative funding for start-ups and SMEs. The framework introduces a new regulated activity, restricts client participation primarily to Professional Clients, and mandates specific safeguards regarding capital, client assets, and conflict management. FSRA seeks public feedback on these proposals to establish a risk-appropriate regime that balances market development with investor protection.
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