The ADGM Financial Services Regulatory Authority has published Consultation Paper No. 8 of 2025 seeking feedback on proposed enhancements to its regulatory framework to support continued alignment with the International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation. The package focuses on changes to supervisory and decision-making powers and processes, alongside targeted updates to disclosure and other conduct-related requirements. Key proposals include introducing a general prohibition on misleading and deceptive conduct, enabling the FSRA to suspend a Financial Services Permission or an Approved Person’s status on its own initiative, and clarifying its ability to grant a Financial Services Permission subject to conditions. The FSRA also proposes powers to impose directions for prudential purposes and to exercise certain powers with immediate effect while retaining procedural safeguards, alongside enhanced disclosure requirements and powers for offers of fund units and additional amendments covering client asset protection, auditor appointments, complaints handling and record-keeping. The consultation closes on 27 August 2025.
ADGM Financial Services Regulatory Authority 2025-07-30
ADGM Financial Services Regulatory Authority consults on misleading conduct prohibition and expanded powers over permissions and fund offers
The ADGM Financial Services Regulatory Authority issued Consultation Paper No. 8 of 2025, proposing enhancements to its regulatory framework to align with IOSCO standards. Key proposals include prohibiting misleading conduct, powers to suspend permissions, impose prudential directions, and enhanced disclosure requirements. Additional amendments address client asset protection, auditor appointments, complaints handling, and record-keeping.