ADGM ISSUES PUBLIC CONSULT ON REGULATORY FRAMEWORK FOR PRIVATE FINANCING PLATFORMS
25 Jul

Addressing the financing needs and support for startups and small-and-medium-enterprises in MENA.

25 July 2018, Abu Dhabi UAE: Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, today published a consultation paper setting out its proposed regulatory framework for operators of Private Financing Platforms (PFPs) in ADGM.  This follows positive feedback received from the industry in response to the March discussion paper issued by the Financial Services Regulatory Authority (FSRA) on the scope and form of a regulatory framework for PFPs, which has informed the development and refinement of the proposals set out in this consultation paper.  This is part of FSRA’s ongoing initiatives to provide an inclusive regulatory platform that bolster the growth and development of start-ups and small- and medium-sized enterprises (SMEs) in Abu Dhabi and MENA region.

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