markets

ADGM introduces new reporting requirements

The amendments for insurance and captive insurance business are also effective immediately

Staff Report
18:00 January 3, 2018

Dubai

Abu Dhabi Global Market said on Wednesday it has introduced revised capital requirements and new reporting requirements

These improvements are part of the Financial Services Regulatory Authority’s (FSRA) ongoing commitment to foster a dynamic and well-regulated platform for institutions, ADGM said in a statement.

The amendments to Prudential — Investment, Insurance Intermediation and Banking” (PRU) and other consequential amendments to the rule books for insurance and captive insurance business are also effective immediately.