Abu Dhabi Global Market Brings Core Regulations Into Force

The 8 core regulations that will apply to companies operating within the Abu Dhabi Global Market (the ADGM), Abu Dhabi’s financial free zone, have been enacted and brought into force. In addition, a further 17 supporting documents (Rules, Guidelines and an Order) have been published in connection with the regulations governing commercial licences and companies.

This, our third alert memorandum on the ADGM:

• explains some of the key features of three of the most important core regulations (Commercial Licensing Regulations, Companies Regulations and Insolvency Regulations);
• summarises the purpose of the 17 supporting Rules, Order and Guidelines; and
• gives an update on the continuing process to build the ADGM’s legal and regulatory landscape.

With these enactments, the basic regulatory architecture of the ADGM has gone live.