ADGM FinTech Regulatory Laboratory Guidance

TABLE OF CONTENTS

1. INTRODUCTION ... 3
2. OBJECTIVES OF THE REGLAB FRAMEWORK ... 3
3. THE REGLAB'S INTENDED PARTICIPANTS ... 4
4. FEATURES OF THE REGLAB ... 4
5. REGLAB AUTHORISATION CRITERIA ... 7
6. APPLICATION PROCESS FOR AUTHORISATION ... 8
7. CONDITIONS / LIMITATIONS ON THE FINTECH PARTICIPANTS ... 10
8. EXITING THE REGLAB ... 11

1. INTRODUCTION

1.1 This Guidance is issued under section 15(2) of the Financial Services and Markets Regulations 2015 (“FSMR”). It should be read in conjunction with the FSMR and the relevant FSRA Rulebooks where applicable.

1.2 The Guidance is applicable to the following Persons:

(a) an applicant for a Financial Services Permission to carry on the Regulated Activity of Developing Financial Technology Services within the RegLab in or from ADGM; and/or

(b) a FinTech Participant.

1.3 This Guidance sets out the Financial Services Regulatory Authority’s (“FSRA’s” or the “Regulator’s”) approach to the Regulatory Laboratory (“RegLab”) framework. In particular, this Guidance includes the eligibility and authorisation criteria applicants must satisfy to be authorised as FinTech Participants, the authorisation process, the types of restr...