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 FSMR, the relevant Rulebooks of the Financial Services Regulatory Authority (“the Regulator”), and the Guidance & Policies Manual of the Regulator.
2. This Guidance is applicable to those considering developing or using “Application Programming Interfaces (APIs)”, including applicants for a Financial Services Permission in ADGM, financial services firms located outside ADGM, and participants in FinTech, RegTech, SupTech, amongst others.
3. ADGM encourages Financial Service firms to adopt and promote the use of standardised, “interoperable” and trusted Application Programming Interfaces (APIs) in order to create the means to adapt and update in the context of an increasingly complex and changing business environment, and the rapidly evolving needs of customers.
4. The FSRA encourages a standardised approach to creating, maintaining and governing APIs that will allow the development of innovative financial products and approaches in ADGM that will benefit cu...