The ADGM Financial Services Regulatory Authority (FSRA) has finalised amendments to its prudential framework for Authorised Persons classified as Category 3B, 3C and 4 under the Prudential – Investment, Insurance Intermediation and Banking Rulebook (PRU), following industry engagement and feedback to Consultation Paper No. 2 of 2025. The changes revise capital requirements for Category 4 firms, update reporting requirements for Category 3B and 3C firms, and amend PRU professional indemnity insurance (PII) requirements across all three categories. The amendments take effect immediately, except for the minimum standards for PII cover, which will apply from 1 January 2026. The FSRA plans to publish a Dear SEO letter setting out further detail, including the impact on regulatory reporting requirements.
ADGM Financial Services Regulatory Authority 2025-08-19
ADGM Financial Services Regulatory Authority finalises PRU amendments for Category 3B, 3C and 4 firms updating capital, reporting and professional indemnity insurance rules
The ADGM Financial Services Regulatory Authority has finalized amendments to its prudential framework for Category 3B, 3C, and 4 Authorised Persons. Key changes include revised capital requirements for Category 4 firms, updated reporting requirements for Category 3B and 3C firms, and amended professional indemnity insurance requirements across all categories. These amendments are effective immediately, except for the minimum standards for professional indemnity insurance cover, which apply from 1 January 2026.