ADGM General Rulebook (GEN) (VER15.160926)

1. INTRODUCTION

1.1 Application

1.1.1 This Rulebook applies to every Person to whom FSMR or MIR applies and to the same extent as those Regulations or Rules, except to the extent that a provision of GEN provides for a narrower application. This Rulebook does not apply to Remote Bodies.

1.2 Overview of the Rulebook

Guidance

1. Chapter 2 sets out the Principles for Authorised Persons and Approved Persons.
2. Chapter 3 specifies the requirements upon senior management to implement effective systems and controls. There are also requirements upon the Authorised Person to apportion material responsibility among its senior management.
3. Chapter 4 contains mainly guidance in respect of interpretation of the Rulebook, emergency procedures, disclosure, the location of offices, Close Links, Complaints against the Regulator and the public records maintained by the Regulator in accordance with section 196 of FSMR.
4. Chapter 5 specifies the Regulator's authorisation requirements for any applicant intending to become an Authorised Person, the threshold conditions required for such authorisation and requirements relating to Approved Persons.
5. Chapter 6 specifies, i...