Abu Dhabi Global Market publishes long-awaited draft financial services legislation | The National

Abu Dhabi Global Market publishes long-awaited draft financial services legislation | The National:



"Abu Dhabi Global Market (ADGM) has published its long-awaited draft financial services legislation for public consultation, with a view to accepting its first financial services licence applications by the end of the year.



The draft legislation contains regulations touching on topics including the approach to management and/or marketing of funds and investment offerings, mandatory disclosure requirements, market infrastructure system, market conduct rules, and the free zone’s disciplinary actions and enforcement powers.



Interested parties have until August 11 to submit their comments on the draft regulations."



'via Blog this'