Financial Regulation Regulations in the GCC

Consumer Protection Regulation

The Consumer Protection Regulation issued by the CBUAE aims to protect the interests of consumers using financial products, services, or engaging in relationships with licensed financial institutions in the UAE. It establishes standards of conduct expected from these institutions and defines regulatory requirements to ensure consistent interpretation and implementation.

Consumer Protection Standards

The Consumer Protection Standards, issued by the CBUAE, outline mandatory requirements for Licensed Financial Institutions in the UAE. These standards aim to ensure transparency, fair market conduct, and protection of consumer data and assets. The document supplements Circular No. 8 – 2020 and is enforceable in the same manner as the regulation.

DFSA Crypto Token Regulatory Regime

This DFSA document outlines the regulatory framework for Crypto Tokens within the Dubai International Financial Centre (DIFC). It details the criteria for recognizing Crypto Tokens, including Fiat Crypto Tokens, and the process for obtaining DFSA recognition. The regime aims to foster innovation while addressing risks like money laundering and consumer protection.

Federal Law No. 8 of 2004

Federal Law No. 8 of 2004 pertains to the establishment and regulation of Financial Free Zones within the UAE. It defines the scope of financial activities permitted within these zones and outlines the legal framework governing their operations. The law aims to regulate financial activities and ensure compliance with federal laws, particularly concerning money laundering.

FSRA Consultation Paper No. 10 of 2025 — Proposed Framework for the Staking of Virtual Assets

FSRA Consultation Paper No. 10 of 2025 outlines a proposed regulatory framework for the staking of Virtual Assets (VAs) within Abu Dhabi Global Market (ADGM). The paper seeks public comment on the proposed regulations and requirements for Authorized Persons involved in staking activities. It builds upon previous consultations and industry feedback.

Guidance - Listing Applications and Eligibility VER01.100425

This ADGM guidance document outlines the requirements and procedures for listing applications and eligibility assessments. It details when a listing application is necessary, the documents and criteria involved, available exemptions, and the overall application process. The document also specifies general eligibility requirements for listing on the ADGM.

Guidance - Restricted Securities VER01.061125

This ADGM guidance document outlines requirements related to restricted securities, including background, restrictions, and categories of holders. It details implications for issuers and holders, procedures for applicants, restriction agreements, holding locks, free float calculation, and prospectus disclosure. The guidance aims to ensure transparency and manage risks associated with restricted securities.

Guidance on ESG Funds and Model Portfolios in ADGM 20241114

This ADGM guidance clarifies the expectations of the Financial Services Regulatory Authority (FSRA) regarding the management and marketing of ESG Investment Vehicles, including Domestic Funds, Model Portfolios, and Foreign Funds. It aims to mitigate greenwashing risks by ensuring clear, fair, and non-misleading marketing practices and encourages ESG-related information disclosure in line with global best practices.

Guidance on Preparing Prospectus 20240220

This ADGM guidance document outlines the requirements for preparing a prospectus. It details when a prospectus is needed, the necessary content, acceptable formats, and the application process for approval. The guidance also covers exemptions from prospectus obligations and specific disclosure requirements for issuers.

FSRA Consultation Paper No. 11 of 2024 — Proposed Amendments to the Digital Asset Regulatory Framework

FSRA Consultation Paper No. 11 of 2024 outlines proposed amendments to the digital asset regulatory framework in Abu Dhabi Global Market (ADGM). It seeks public comment on revisions to the Virtual Asset (VA) framework, criteria for accepting Fiat-Referenced Tokens (FRTs), and expanding investment scope for Venture Capital Funds (VC Funds). The aim is to refine and update regulations for VA activities within ADGM.

Guidance Private Credit Funds 20230504

This ADGM guidance clarifies the regulatory requirements for Private Credit Funds and their managers. It supplements existing regulations (FSMR, GEN, FUNDS) and focuses on eligibility, authorization, and ongoing compliance. The guidance emphasizes investment restrictions, operational requirements, and investor suitability for these funds, which provide alternative financing to companies.

Guidance on client money - March 2023

This ADGM guidance clarifies the Client Money Rules 2021, focusing on the safeguarding of client funds against misuse, misappropriation, loss, or theft. It provides information and clarification on the operation and requirements of the Client Money Rules, emphasizing the policies, systems, and controls necessary for handling client money.

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Law No. (5) of 2021 concerns the Dubai International Financial Centre (DIFC) and defines key terms related to its operation. It establishes the legal framework for the DIFC, referencing previous laws and regulations governing financial free zones and related bodies within the Emirate of Dubai. The law outlines the scope and definitions relevant to the DIFC's activities.

Limited Partnership - Financial and Non-Financial Services

This ADGM guidance document outlines the standard requirements for registering a Limited Partnership in ADGM, covering both financial and non-financial services. It details the necessary business plan components, including applicant overview, business activities, target markets, ownership structure, organizational structure, human resources, and financial projections, which are crucial for the ADGM Registration Authority's assessment.

Private Company Limited by Shares %28RSC%29 - Non-Financial Services

This ADGM guidance document outlines the requirements for incorporating a Private Company Limited by Shares (RSC) engaged in non-financial services. It details the necessary steps and information required for the company set-up process, including business plan specifications, financial projections, and naming conventions. The document serves as a checklist for applicants seeking to establish an RSC within the ADGM.

Investment Law of the Kingdom of Saudi Arabia (2025)

The Investment Law of the Kingdom of Saudi Arabia (2025) aims to enhance the investment environment and promote economic development by establishing a favorable ecosystem for both local and foreign investors. It outlines the scope of investment activities, investor rights and obligations, and incentives, replacing the previous Foreign Investment Law.

Open Banking Policy

This Open Banking Policy from the Saudi Central Bank (SAMA) outlines the initiative to develop open banking services in Saudi Arabia, aligning with Saudi Vision 2030 and the Financial Sector Development Program. It aims to foster innovation, enable secure data sharing with third parties, and enhance financial services for customers through collaboration between banks, fintechs, and other financial players.

Regulatory Sandbox Framework

This Saudi Central Bank (SAMA) framework establishes a Regulatory Sandbox to foster financial technology (FinTech) innovation in line with the Kingdom's Vision 2030. It provides a 'safe space' for firms to test new digital solutions under specific conditions and limitations, allowing them to assess the impact of new technologies in the KSA’s financial services market.

CBB Rulebook Vol. 4 — Cyber Security Risk Management Module

This Central Bank of Bahrain (CBB) regulation outlines requirements for cyber security risk management for investment firms. It mandates a robust framework to manage cyber security risks and vulnerabilities, including a cyber security strategy, policy, and risk management approach. The regulation aims to ensure the protection of financial institutions and their customers from cyber threats.

Law No. (20) of 2019

Law No. (20) of 2019, issued by the QFCRA in Qatar, establishes a legal framework for combating money laundering and terrorism financing. It repeals Law No. (4) of 2010 and mandates concerned parties to comply with its provisions within six months of its effective date, with potential extensions granted by the Council of Ministers. The Council of Ministers will issue implementing regulations.

CBK Cybersecurity Framework for the Kuwaiti Banking Sector 2020

The CBK Cybersecurity Framework for the Kuwaiti Banking Sector 2020 outlines requirements for regulated entities to improve their cyber resilience and manage cyber risks. It aims to protect information and financial assets, promote cooperation, and standardize information sharing within the banking sector. The framework is intended to guide the banking sector in effectively managing imminent cyber risks.

CBK E-Payment Services Chapter 1 — Organisational Governance

This document from the Central Bank of Kuwait (CBK) introduces updated instructions regulating electronic payment of funds, replacing Resolution No. 44/430 of 2018. It mandates that relevant entities take necessary actions to comply with the new amendments within three months of the effective date. The resolution aims to provide a framework for electronic payment services.

CBK Instructions for Regulating Electronic Payment of Funds 2023

CBK Resolution No. 45/47/1 of 2023 introduces instructions regulating electronic payment of funds in Kuwait. It revokes the previous Resolution No. 44/430 of 2018 and defines key terms related to electronic payments, electronic money, and the operation of e-payment systems. The regulation aims to provide a framework for electronic payment activities within the country.