Region: United Arab Emirates

Practitioners welcome overhauled Abu Dhabi capital markets framework

The Abu Dhabi Global Market’s financial regulator has revised its capital markets framework to include environmental instruments, virtual assets, spot commodities, securities, and derivatives.

29 September 2022

Abu Dhabi unveils crypto principles

The Abu Dhabi Global Market, Abu Dhabi's financial centre, has announced new principles guiding its approach to virtual asset supervision as it vies with Dubai for the role of the region’s crypto hub.

15 September 2022

Greylisted UAE takes Wise to task for AML failures

The financial regulator of Abu Dhabi’s free zone has fined fintech Wise for a series of poor money laundering controls, months after the FATF cited the UAE’s lax enforcement against money laundering in its decision to greylist the country.

01 September 2022

Abu Dhabi to launch “world's first” carbon credit trading exchange

The financial regulator of the Abu Dhabi Global Market will develop what it calls the "world's first" regulated carbon credit trading exchange and clearing house, as its EU and Hong Kong counterparts place renewed emphasis on carbon markets.

30 March 2022

Dubai establishes world’s first dedicated crypto regulator

The Emirate of Dubai has announced a legal framework for virtual assets alongside a tailor-made regulator to oversee the sector.

10 March 2022

FATF greylists UAE and puts Russia under review

The Financial Action Taskforce has placed the United Arab Emirates on its money laundering “greylist”, hinting also that it may remove Russia from its role at the organisation.

09 March 2022

Qatar wins PwC report disclosure in market manipulation conspiracy claim

A report prepared for a regulator’s investigation of alleged market manipulation in aid of the 2017 blockade against Qatar does not have litigation privilege, an English court has ruled, granting a disclosure request from the state in its ongoing dispute with Luxembourg’s Banque Havilland.

19 August 2021

Community round-up: turnover at the FCA, and new leadership in South Africa and Dubai

The FCA’s international executive director and interim COO Nausicaa Delfas has been named to head up the UK’s Financial Ombudsman Service, while South Africa’s FSCA and Dubai’s DFSA have both announced their new leadership.

23 April 2021

Lebanese banks sell Egyptian units amid capital requirements push

Freshfields, Baker McKenzie and Dechert are among the firms instructed in a pair of bank acquisition deals prompted by increased capital requirements from Lebanon’s central bank, with local banks Audi and Blom agreeing to sell off their Egyptian units.

25 January 2021

ADGM set to adopt UNCITRAL electronic transaction rules

The Abu Dhabi Global Market’s financial regulator has named a new chief executive, as the free zone consults on new UNCITRAL-based electronic transaction rules.

01 October 2020

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