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.
ADGM Financial Services Regulatory Authority 2025-04-09
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.