FSRA, Financial Services Regulatory Authority of ADGM

Jurisdiction	Abu Dhabi Global Market (ADGM), a financial free zone in Abu Dhabi.
Framework	The Financial Services and Markets Regulations 2015 (FSMR) and the FSRA Rulebook.
What it does	Grants Financial Services Permissions, approves the individuals who hold controlled functions, supervises authorised firms, and enforces the regulations.
How it licenses	By activity. A firm applies for a Financial Services Permission (FSP) covering the specific Regulated Activities it proposes to conduct, and can later apply to vary it, for example to add an activity.
Check a firm	The FSRA Public Register on adgm.com lists regulated firms and the regulated activities each is authorised to provide.

A business that wishes to carry on financial services activities in or from ADGM must hold a Financial Services Permission from the FSRA. Rule ADGM: Additional obligations of financial services entities

An in-principle approval is not a Financial Services Permission, and an applicant must not hold itself out as regulated by the FSRA before the permission is granted. FSRA approval is also required before an Approved Person is appointed. Guidance FSRA: Getting Started Guide

The FSRA can impose conditions on a permission, suspend it, or impose financial penalties. A firm that wants to stop must notify the FSRA of its decision to withdraw its permission.

Financial Services Regulatory Authority (FSRA)

Ready when the clock runs out