Bringing you live news and features since 2006 

Abu Dhabi Global Market proposes new foundations regime

RELATED TOPICS​

Abu Dhabi Global Market (ADGM) has issued a public consultation paper inviting public feedback on its proposal to establish a legislative and regulatory framework for foundations within ADGM.

 
ADGM Foundations Regulations follow international best practice, including international regulatory obligations, and cater to the unique requirements of families and asset owners in Abu Dhabi, regionally and globally.
 
Foundations regimes currently exist in many international financial centres, including common law jurisdictions that have historically relied on traditional trust structures. The new foundations framework aims to complement and strengthen ADGM’s corporate and legal structure offerings. The proposed ADGM foundations regime will be the first of its kind in the UAE when it goes live.
 
The proposed ADGM foundations regime is designed for individuals, families, organisations and their professional advisors seeking to efficiently manage their private wealth, safeguard their assets and enhance their succession planning in Abu Dhabi and abroad.
 
Strategically located in Abu Dhabi and ADGM, the ADGM foundations regime has factored in the current considerations and future needs of market users. The regime is designed to provide client confidentiality, advocate appropriate governance controls, and establish asset protection mechanisms to protect the founder’s wishes and preserve the assets of the foundations. 

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by