Regulations to implement the standard for automatic exchange of financial account information developed by the Organisation for Economic Co-operation and Development (OECD).
Date of Enactment: 9 July 2017
The Board of Directors of the Abu Dhabi Global Market, in exercise of its powers under Article 6(1) of Abu Dhabi Law No. 4 of 2013 concerning the Abu Dhabi Global Market issued by His Highness the Ruler of the Emirate of Abu Dhabi, hereby enacts the following Regulations:
1. In these Regulations capitalised terms will bear the meaning given to them in the Common Reporting Standard, unless otherwise defined below or the context otherwise requires.
ADGM: means the Abu Dhabi Global Market.
ADGM Court: means the Abu Dhabi Global Market court of first instance established under Abu Dhabi Law No. 4 of 2013.
ADGM Financial Institution: Means:
i. any Financial Institution that is resident in the ADGM, but excludes any branch of that Financial Institution that is located outside of the ADGM; and
ii. any branch of a Financial Institution that is not resident in the ADGM, if that branch i...