FSRA Regulations · Abu Dhabi Global Market
Financial Services and Markets Regulations 2015
A reference record of Financial Services and Markets Regulations 2015, drawn from the instrument's own official text. It sets out how the law is organised — its Parts, its section count and its length — and links to the text itself. It does not interpret the law or offer advice on it.
At a glance
| Citation | Financial Services and Markets Regulations 2015 |
| Instrument type | FSRA Regulations |
| Enacted | 2015 |
| Jurisdiction | Abu Dhabi Global Market |
| Parts | 21 |
| Numbered sections | 261 |
| Chapters | 22 |
How Financial Services and Markets Regulations 2015 is organised
The 21 Parts below are the instrument's own divisions, in the order the official text sets them out.
| Part | Heading |
|---|---|
| Part 1 | The Regulator |
| Part 2 | Rules And Guidance |
| Part 3 | Regulated Activities |
| Part 4 | Authorisation |
| Part 5 | Performance Of Controlled Functions |
| Part 6 | Official Listing And Offers |
| Part 7 | Transfer Schemes |
| Part 8 | Market Abuse |
| Part 9 | Misleading Statements And Impressions |
| Part 10 | Change Of Control |
| Part 11 | Collective Investment Funds |
| Part 12 | Recognised Bodies And Otc Derivatives |
| Part 13 | Settlement Finality |
| Part 14 | Suspension And Removal Of Financial Instruments From Trading |
| Part 15 | Auditors And Actuaries |
| Part 16 | Public Record And Disclosure Of Information |
| Part 18 | Contraventions, Etc. |
| Part 19 | Appeals Panel And Disciplinary Measures |
| Part 20 | Injunctions, Restitution And Actions For Damages |
| Part 21 | Enforcement Procedure |
| Part 22 | General |
What Financial Services and Markets Regulations 2015 covers, section by section
The 261 section headings below are the instrument's own, reproduced in its order. They are a map of the law, not a summary of it — for the wording of any article, read the official text.
- Powers, Functions and Objectives of the Regulator
- The Chief Executive
- General rule-making power of the Regulator
- Client Money Rules
- Islamic Finance Rules
- Carrying on Regulated Activities by way of business
- Other specific rule-making powers
- General supplementary powers
- Modification or waiver of Rules
- Publication of Directions under section 9
- Limits on effect of contravening Rules
- Rule-Making Instruments
- Verification of Rules
- Consultation
- Power of the Regulator to give Guidance
- The General Prohibition
- Authorised Persons acting without a Financial Services Permission
- Restrictions on financial promotion
- Regulated Activities
- False claims to be authorised or exempt
- Agreements made by non-Authorised Persons
- Agreements made through non-Authorised Persons
- Agreements made unenforceable by section 21 or 22
- Accepting Deposits in breach of General Prohibition
- Enforceability of Agreements resulting from Unlawful Communications
- Accepting Deposits
- Application for a Financial Services Permission
- The Threshold Conditions
- Firms based outside the Abu Dhabi Global Market
- Granting a Financial Services Permission
- Granting a Financial Services Permission: special cases
- Variation by the Regulator at the request of an Authorised Person
- Variation, suspension or cancellation on initiative of the Regulator
- Withdrawal of authorised status
- Imposition of requirements by the Regulator
- Requirements under section 35: further provisions
- Imposition of requirements on acquisition of Control
- Assets Requirements
- Persons connected with an Applicant
- Applications under this Part
- Determination of applications
- Exercise of Own-Initiative Power: procedure
- Approval to perform Controlled Functions
- Applications for Approval
- Determination of Application to carry out Controlled Functions
- Withdrawal of Controlled Function Approval
- Variation of Approval at request of relevant Authorised Person
- Variation or suspension of Approval on initiative of Regulator
- Exercise of power under section 48: procedure
- The Official List
- Applications for Listing
- Decision on Application
- Discontinuance and Suspension of Listing
- Discontinuance or Suspension: procedure
- Discontinuance or Suspension at the request of the Issuer: procedure
- Listing Rules
- Application of this Chapter to Collective Investment Funds
- General prohibition
- Definition of an Offer of Securities to the Public
- Exempt Offerors
- Obligation to issue a Prospectus
- Prospectus content
- Regulator power to publish information
- Use of foreign documents for purposes of making a Prospectus Offer
- Obligation to issue a supplementary prospectus
- Prohibition against misleading and deceptive statements or omissions
- Defence of reasonable enquiries and reasonable belief
- Defence of reasonable reliance on information given by another person
- Statements about future matters
- Civil compensation
- Stop orders
- Definition of a Reporting Entity
- Corporate Governance
- Database
- Continuous disclosures
- Disclosures by Connected Persons
- Disclosure of material interests
- Annual financial report
- Interim financial report
- Auditor's report
- Supply of financial statements
- Appointment of auditors
- Appointment of sponsors or compliance advisers
- Regulator's powers of Direction
- Transfer Schemes
- Application for an order sanctioning a scheme
- Rights to be heard
- Powers of the Court in relation to a Transfer Scheme
- Requirements of a Scheme
- Conditions for sanctioning a Transfer Scheme
- Modifications
- Market abuse
- Supplementary provision about certain Behaviour
- Insiders
- Inside Information
- The Code of Market Conduct
- Effect of the Code of Market Conduct
- Prohibition on Market Abuse
- Suspension of investigations
- Effect on transactions
- Protected Disclosures
- Misleading Statements
- Misleading Impressions
- Misleading statements etc. in relation to Benchmarks
- Provisions governing Controllers
- Collective Investment Funds
- Registration requirement
- Providing information in relation to the Application
- Rejection of an Application
- Granting registration
- Withdrawal of registration
- Notification requirement
- General prohibition
- Creation of an Investment Trust
- Effect and validity of the Trust Deed
- Unitholder liability
- Power to make a Direction
- Recognised Jurisdiction
- Exemption for Recognised Investment Exchanges and Recognised Clearing Houses
- Qualification for recognition
- Application by an investment exchange
- Application by a clearing house
- Applications: supplementary
- Recognition orders
- Variation of a recognition order
- Liability in relation to the Regulatory Functions of a Recognised Body
- Publication of information by Recognised Investment Exchange
- Notification requirements
- Modification or waiver of Rules
- Regulator's power to give Directions
- Additional power to direct Recognised Clearing Houses
- Revoking recognition
- Directions and revocation: procedure
- Complaints about recognised bodies
- Power of the Regulator
- Power to disallow excessive Regulatory Provision: supplementary
- Interpretation of Part 12
- Commencement
- Clearing obligation
- Clearing obligation procedure
- Access to a Recognised Clearing House in relation to OTC Derivative Contracts
- Access to a trading venue in relation to OTC Derivative Contracts
- Public register
- Reporting obligation
- Non-Financial counterparties
- Obligation to report orders and transactions
- Introduction
- Market Contracts
- Qualifying Collateral Arrangements and Qualifying Property Transfers
- Change in Default Rules
- Modifications of the Insolvency Regulations
- Proceedings of Recognised Body take precedence over insolvency procedures
- Duty to give assistance for purposes of Default Proceedings
- Supplementary provisions as to Default Proceedings
- Duty to report on completion of Default Proceedings
- Net sum payable on completion of Default Proceedings
- Disclaimer of property, rescission of contracts, etc.
- Adjustment of prior transactions
- Powers to give Directions
- Application to determine whether Default Proceedings to be taken
- Supplementary provisions
- Certain ADGM Clearing Houses
- Change in Default Rules
- Collateral Security Arrangements
- Administration orders
- Power to make provision about certain other Charges
- Application of margin or Default Fund Contribution not affected by certain other interests
- Priority of floating Collateral Security Arrangement over subsequent Charges
- Priority of Collateral Security Arrangement over unpaid vendor's lien
- Proceedings against market property by unsecured creditors
- Power to apply provisions to other cases
- Recognised Clearing Houses: disapplication of provisions on mutual credit and set off
- Insolvency proceedings in other jurisdictions
- Indemnity for certain acts
- Action taken under Default Rules
- Power of the Regulator to make Rules under this Part
- Regulator's power to require suspension or removal of Financial Instruments from Trading
- Suspension or removal of Financial Instruments from trading: procedure
- Procedure following consideration of representations
- Revocation of requirements: applications by Institutions
- Decisions on applications for revocation by Institutions
- Revocation of requirements: applications by Issuers
- Decisions on applications for revocation by Issuers
- Notification in relation to suspension or removal of a Financial Instrument from trading
- Cooperation with auditors
- Appointment
- Access to books etc.
- Information given by auditor or actuary to the Regulator
- Information given by auditor or actuary to the Regulator: persons with close links
- Reports to the Regulator
- Duty of auditor or actuary resigning etc. to give notice
- Provision of false or misleading information to auditor or actuary
- The record of Authorised Persons etc.
- Restrictions on disclosure of Confidential Information
- Restrictions on disclosure of Confidential Information by the Regulator
- Exceptions from section 198
- Rule-making powers of the Regulator concerning disclosure of information
- The Regulator's power to require information
- Power to issue directions for prudential purposes
- Reports by Skilled Persons
- Appointment of Skilled Person to collect and update information
- Commencement of Investigations
- Powers of Investigators
- Admissibility of statements made to Investigators
- Costs of an investigation
- General requirements to supply information and Documents
- Protected information and Documents
- Protected Items
- Entry of premises under Court order
- Retention of Documents taken under section 212
- Certification of defaults
- Regulator's right to co-operate with others
- Exercise of power in support of Non-ADGM Financial Services Regulators
- Investigations etc. in support of Non-ADGM Financial Services Regulators
- General contravention provision
- Defence against contraventions of section 18
- Involvement in contraventions
- Misleading the Regulator: residual cases
- Contraventions by bodies corporate etc.
- Gaming contracts
- Structure of the Appeals Panel
- Jurisdiction and Role of the Appeals Panel - full merits review
- Procedure of the Appeals Panel - full merits review
- Jurisdiction, Role and Procedure of the Appeals Panel – executive decision
- Deleted
- Powers of the Appeals Panel to hear and determine a reference
- Enforcement
- Public censure
- Financial penalties
- Prohibition Orders
- Enforceable undertakings
- Injunctions: general
- Injunctions in cases of investigations and proceedings
- Injunctions in cases of Market Abuse
- Restitution orders
- Restitution orders in cases of Market Abuse
- Power of the Regulator to require restitution
- Actions for damages
- Power of the Regulator to intervene in proceedings
- Compulsory Winding up
- Undertakings as to damages
- Requirement to give warning notices
- Warning notices
- Requirement to give decision notice
- Decision notices
- Notices of Discontinuance
- Final notices
- Publication
- Application of sections 254 and 255
- Third Party rights
- Access to Regulator material
- The Regulator's procedures
- Exercise of Powers
- Definitions
- Carrying on Regulated Activities in the Abu Dhabi Global Market
- Group
- Meaning of "Participating Interest"
- Consequential and supplementary provision
- International obligations
- Commercial Licensing Regulations 2015
- Short title, extent and commencement
Primary sources
Everything on this page comes from these two. Links go to the issuing legislator.
Acting on Financial Services and Markets Regulations 2015
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