Guidance – Regulation of Spot Commodity Activities in ADGM (VER02.181223)

(VER02.181223)

TABLE OF CONTENTS

SCOPE

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 (“FSRA”) and the FSRA’s Guidance & Policies Manual.

2. This Guidance sets out the FSRA’s approach to the regulation of the trading, clearing, settlement and related activities for Spot Commodities in and from ADGM, including activities conducted by Recognised Investment Exchanges, Multilateral Trading Facilities, Organised Trading Facilities, Price Reporting Agencies and intermediary-type Authorised Persons. This Guidance, together with the applicable ADGM Regulations and FSRA Rules governing the use of Spot Commodities, is collectively referred to as the “Spot Commodities Framework” or “Framework”.

3. This Guidance is applicable to the following Persons:

a) an Applicant for a Financial Services Permission (“FSP”) or a Recognition Order to carry on a Regulated Activity in relation to Spot Commodities in or...