ADGM’s Financial Services Regulatory Authority (FSRA) has published Consultation Paper No. 2 of 2025 proposing amendments to the prudential framework for Authorised Persons classified as Category 3B, 3C and 4 under the Prudential – Investment, Insurance Intermediation and Banking Rulebook (PRU). The proposals cover revisions to capital requirements for Category 4 firms, changes to reporting requirements for Category 3B and 3C firms, and updates to professional indemnity insurance requirements under PRU. Feedback is requested by 21 May 2025.
2025-04-09ADGM Financial Services Regulatory Authority
ADGM Financial Services Regulatory Authority consults on prudential rule changes for lower-risk Category 3B, 3C and 4 firms
The ADGM Financial Services Regulatory Authority issued Consultation Paper No. 2 of 2025, suggesting amendments to the prudential framework for Authorised Persons in Categories 3B, 3C, and 4 under the Prudential – Investment, Insurance Intermediation and Banking Rulebook. Proposed changes include revisions to capital requirements for Category 4 firms, adjustments to reporting requirements for Category 3B and 3C firms, and updates to professional indemnity insurance requirements.