ADGM lowers fund capital requirements to fall into line with international counterparts | The National:
"Abu Dhabi Global Market (ADGM) has announced lower capital requirements for managers of selected funds established in the free zone, bringing its regulations into line with other international jurisdictions.
The free zone’s regulator, the Financial Services Regulatory Authority (FRSA), unveiled new base capital requirement rules for authorised firms managing collective investment funds (CIF).
The FRSA said that it was adopting an enhanced tier structure for base capital requirements (BCR), previously set at US$250,000. Under the new structure, the BCR requirement for CIF managers of Public Funds will be revised down to $150,000. Managers of exempt funds and qualified investor funds will have a BCR of $50,000.
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