Guidance – Regulation of Virtual Asset Activities in ADGM

(VER05.181223)

INTRODUCTION 

Article 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”), the FSRA’s Guidance & Policies Manual, its ‘Guidance – Regulation of Digital Security Offerings and Virtual Assets under the FSMR’ (“ICO Guidance”) and its ‘Guidance – Regulation of Digital Securities Activity in ADGM’ (“Digital Securities Guidance”). 

Article 2

This Guidance is applicable to the following Persons: 

a. an Applicant for a Financial Services Permission (“FSP”) to carry on a Regulated Activity in relation to Virtual Assets in or from the Abu Dhabi Global Market (“ADGM”); 

b. an Authorised Person conducting a Regulated Activity in relation to Virtual Assets; 

c. a Recognised Investment Exchange with a stipulation on its Recognition Order permitting it to carry on the Regulated Activity of Operating a Multilateral Trading Facility (in relation to Virtual Assets) within ADGM; or 

d. an Applicant/Authorised Person in respect of the use of stabl...