The registration authority of the Abu Dhabi Global Market (ADGM) has introduced an updated regulatory framework, tightening requirements for legal, tax, and corporate firms.
The new rules are designed to strengthen oversight and raise governance standards in ADGM’s core sectors. The changes apply to:
The new rules take effect immediately for new applicants. Existing firms have a transition period to bring their operations into compliance with the updated requirements.
The new rules are designed to strengthen oversight and raise governance standards in ADGM’s core sectors. The changes apply to:
- Legal firms: the managing partner must now have at least eight years of experience. Companies are required to maintain an office in ADGM, hold professional liability insurance, and submit annual reports
- Tax consultants: at least half of the senior management team must be qualified professionals. Professional liability insurance has become mandatory
- Corporate services provider: firms must implement internal procedures to manage conflicts of interest
The new rules take effect immediately for new applicants. Existing firms have a transition period to bring their operations into compliance with the updated requirements.
