The Abu Dhabi Global Market Financial Services Regulatory Authority has implemented enhancements to its regulatory framework to maintain alignment with the Basel Committee on Banking Supervision’s Core Principles for effective banking supervision, alongside a package of miscellaneous amendments. The miscellaneous changes, developed following Consultation Paper No. 10 of 2024, are intended to simplify, clarify and correct certain requirements and reflect the FSRA’s experience applying the legislation in practice. The updates were issued through amendments to the FSRA Regulations, FSRA Rules and related FEES Rules, with revised rulebook texts published.
ADGM Financial Services Regulatory Authority 2025-01-02
Abu Dhabi Global Market Financial Services Regulatory Authority implements Basel Core Principles aligned enhancements and miscellaneous rulebook amendments
The Abu Dhabi Global Market Financial Services Regulatory Authority updated its framework to align with the Basel Committee's Core Principles for effective banking supervision. Following Consultation Paper No. 10 of 2024, these enhancements aim to simplify, clarify, and correct existing requirements based on practical experience. Amendments were made to FSRA Regulations, FSRA Rules, and FEES Rules, with revised texts published.