Abu Dhabi Global Market’s Financial Services Regulatory Authority (ADGM FSRA) has published Consultation Paper No. 12 of 2025 proposing enhancements to its framework for funds and fund managers, and is seeking feedback on selected aspects of the current regime. Key proposals include streamlined regulatory frameworks for fund managers of smaller funds and for fund managers whose funds target exclusively institutional investors. The package also includes amendments intended to facilitate employee investment in private funds managed by their employer, alongside proposed revisions to the framework applicable to foreign fund managers. The consultation closes on 30 January 2026.