The ADGM Financial Services Regulatory Authority (FSRA) has implemented enhancements to its regulatory framework to maintain alignment with international best practices reflected in the Basel Committee on Banking Supervision’s Core Principles for effective banking supervision, alongside a package of miscellaneous rulebook amendments. The miscellaneous changes, which follow Consultation Paper No. 10 of 2024, are intended to simplify, clarify and correct certain requirements and reflect the FSRA’s experience operating the framework in practice. The updates are set out through amendments to the FSRA Regulations and FEES Rules and related changes to the FSRA Rules in the ADGM rulebook.
ADGM Financial Services Regulatory Authority 2025-01-02
ADGM Financial Services Regulatory Authority implements Basel Core Principles-aligned enhancements and miscellaneous amendments to its regulatory framework
The ADGM Financial Services Regulatory Authority has updated its regulatory framework to align with the Basel Committee on Banking Supervision’s Core Principles for effective banking supervision. These enhancements, following Consultation Paper No. 10 of 2024, include amendments to the FSRA Regulations, FEES Rules, and related FSRA Rules to simplify, clarify, and correct existing requirements.