Tuesday 16, May 2017 by Matthew Amlôt

ADGM introduces first calibrated venture capital managers framework in MENA region

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has introduced a risk-proportionate regulatory framework for managers of venture capital (VC) funds, the first of such framework in the MENA region. With immediate effect on 15 May 2017, VC managers will not be subject to any base capital requirement or expenditure based capital.

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