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ADGM Legal Framework

  • ABU DHABI GLOBAL MARKET
    • FEDERAL LAW NO (8) OF 2004
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    • FEDERAL DECREE NO (15) OF 2013
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    • CABINET RESOLUTION NO (4) OF 2013
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    • ABU DHABI LAW NO (4) OF 2013
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    • ADGM LEGAL FRAMEWORK
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    • ADGM COURTS PROCEDURES
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    • GUIDANCE & POLICY STATEMENTS
      • FSRA Confidentiality Policy
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      • Guidance & Policies Manual (GPM)
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      • FinTech Regulatory Laboratory Guidance
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      • Supplementary Guidance — Regulatory Framework for Fund Managers of Venture Capital Funds
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      • Guidance — Regulation of Digital Security Offerings and Crypto Assets under the Financial Services and Markets Regulations
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      • Guidance — Regulatory Framework for Private Financing Platforms
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      • Supplementary Guidance — Authorisation for Investment Management Activities
        • Supplementary Guidance — Authorisation for Investment Management Activities
          • 1. Purpose
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          • 2. Consideration and Assessment of Applications
            • 2.1
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            • 2.2
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            • 2.3
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            • 2.4
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          • 3. Minimum Criteria for Authorisation
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      • Supplementary Guidance — Authorisation for Dealing Activities
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      • Guidance — Regulation of Crypto Asset Activities in ADGM
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      • Supplementary Guidance — Authorisation of Digital Investment Management ("Robo-advisory") Activities
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      • Guidance – Regulation of Digital Securities Activity in ADGM
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      • Guidance —Developing and using APIs in ADGM
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    •  
    • PUBLIC CONSULTATION PAPERS
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    • NOTICES OF PUBLICATION
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(1 version)
 
Apr 10 2017 onwards

2.4


For the purpose of the clientele restrictions, a "look through" approach is adopted. For instance, an investment vehicle that is not wholly owned by Professional Clients or in which not all the beneficiaries are Professional Clients will not qualify as a Professional Client. Restricted and Start-up Managers should not target Retail Clients through the use of investment structures that circumvent clientele class restrictions.

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