With regards to other key amendments, these include simplifying transaction reporting requirements for ADGM
firms and clarifying the availability and constraints of the price stabilisation regime permitted by the Markets Rules.
By enabling brokers located outside of the ADGM
to access exchanges and clearing houses located within ADGM
, the ADGM
Remote Membership framework will expand international investor participation, facilitate cross-border flows and increase liquidity for ADGM
's capital market.
This development was announced during an event held at the ADGM
Authorities Building on Al Maryah Island in Abu Dhabi, and was hosted jointly by HE Ahmed Al Sayegh, Chairman of ADGM
and Jean Lemierre, Chairman of BNP Paribas Group; and it was attended by more than 200 industry leaders and corporate clients.
The event was hosted jointly by Ahmed Al Sayegh, chairman of ADGM
and Jean Lemierre, chairman of BNP Paribas Group; and it was attended by more than 200 industry leaders and corporate clients.
noted that the agreement signifies its progress in executing its strategy of engagement on data protection not only with industry and government, but also with the international data protection regulatory community.
should be extremely proud of their achievement," he added.
The Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of ADGM
share a common objective to develop sound and robust financial markets and financial ecosystems.
The agreement between ADGM
's Registration Authority and ADDED allows entities established on Al Maryah Island to hold both an ADGM
commercial and an ADDED trade licence on condition that they satisfy and fulfil the respective licencing requirements of each jurisdiction and operate according to their respective rules and regulations.
has considered these key strategic, economic and human capital advantages.
Courts are located in the ADGM
Building in Al Maryah Island, Abu Dhabi, although sittings and any other business may be conducted in any place in the world, i.
These agreements are an important part of us providing an efficient operating environment for the institutions, organisations and companies that will be based in ADGM
This approach provides a sensible framework and the absence of foreign ownership restrictions within ADGM
should encourage business in and from ADGM
on both a regional and global level.