1. The Financial Services Regulatory Authority ("FSRA") of Abu Dhabi Global Market ("ADGM") has issued this consultation paper to invite public comment on proposed enhancements to its regulatory framework for Funds and Fund Managers and to seek feedback on certain aspects of the current framework.
2. The consultation paper includes the following proposals:
a. Section A proposes the introduction of a streamlined regulatory framework for Fund Managers of smaller and institutional Funds;
b. Section B outlines a proposed streamlined regulatory framework for Managers of Funds exclusively targeting institutional investors;
c. Section C describes a proposal which aims to facilitate employee investment in Exempt Funds and Qualified Investor Funds ("QIFs") managed by their employer;
d. Section D outlines proposed revisions to the requirements applicable to Foreign Fund Managers;
e. Section E seeks feedback on certain aspects of the FSRA's current regulatory framework, in particular its framework for certain specialist classes of Fund and for pr...