Date of Adoption: 2 September 2021
The Board of Directors of the Abu Dhabi Global Market, in exercise of its powers conferred by sections 718, 719, 720, 721, 996 and 997 of the Companies Regulations 2020, hereby enacts the following Rules:-
(1) These Rules may be cited as the Uncertificated Securities Rules 2021. (2) These Rules shall come into force on the date of their publication. (3) Terms used in these Rules which are defined in the Companies Regulations shall have the meanings given to them in the Companies Regulations. (4) These Rules apply to a company that is formed or registered under the Companies Regulations. (5) In these Rules—
"Acting as a Central Securities Depository" has the meaning given to that term in the Financial Services and Markets Regulations 2015.
"Authorised Person" has the meaning given to that term in the Financial Services and Markets Regulations 2015.
"Certificated" means, in relation to a Security, that the Security is not Uncertificated.
"Certificate of Title" means a certificate in tangible form providing legal evidence of title to a Security.
"Com...