Wednesday, 9 October 2013

Abu Dhabi Global Market to have its own judicial system, legislative infrastructure | GulfNews.com

Abu Dhabi Global Market to have its own judicial system, legislative infrastructure | GulfNews.com:

"Abu Dhabi Global Market (ADGM), the newly-created financial free zone in Abu Dhabi will have its own judicial system and legislative infrastructure under three independent ADGM authorities, its Chairman Ahmad Ali Mohamamad Al Sayegh said yesterday.
Speaking at an industry conference in the capital, Al Sayegh said there would be a registration bureau and a financial services regulation bureau, besides ADGM’s own court system.
“The formation of these authorities is currently underway. ADGM will include commodities trading, storage and transport, derivatives trading, custody, settlement, clearing, depository service, forex and wealth management,” Al Sayegh added."

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