Regulations to make provision for bank recovery and resolution and connected purposes.
Date of Enactment: 11 December 2018
The Board of Directors of the Abu Dhabi Global Market, in exercise of its powers under Article 6(1) of 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—
In these Regulations, unless the context otherwise requires—
| Additional Tier 1 Capital | means capital instruments that meet the conditions for 'AT1 Capital' laid down in the Rules made by the Regulator. |
| ADGM | means the Abu Dhabi Global Market. |
| Bail-in Tool | means the mechanism for recapitalising an Institution or for effecting the exercise of the Write Down or Conversion Power pursuant to section 49. |
| Branch | means a place of business of a legal person which— (a) has no separate legal personality; and (b) carries out directly all or some of the transactions inherent in the business of Institutions outside the ADGM. |
| (a) relates to the business or other affairs of any person; and (b) was rec... |