Tuesday 14, November 2017 by Jessica Combes

ADGM proposes new remote membership framework


The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued a consultation paper inviting public feedback on its proposal to introduce a new remote membership framework as well as various other amendments to enhance ADGM’s capital market regime.

By enabling brokers located outside of the ADGM to access exchanges and clearing houses located within ADGM, the Remote Membership framework aids to expand the pool of international investor participation, facilitates cross-border flows and increases liquidity for ADGM’s capital market. The proposed new framework will extend the reach of ADGM-based exchanges by allowing international investors to trade and settle their trades with greater convenience and choice.  With the introduction of remote trading members, foreign investors can also be served by the trading professionals with access to the Abu Dhabi and regional markets. 

The FSRA invites the public and industry participants to submit their comments to Consultation Paper No. 5 of 2017 by 2 January 2018.  The announcement is attached for your reference please.