Regulatory updates
New rules, circulars, consultations and notices from UAE regulators, each summarised with who is affected and what to do. Collected by Arakan Lexara from the regulators' own websites.
Arakan Lexara Weekly
The week's changes, what they mean and the deadlines ahead. Every Monday, free.
The FSRA issued a statement regarding a security incident involving Binance, highlighting the importance of robust security measures for cryptocurrency exchanges. This announcement serves as a reminder for firms to ensure their security protocols are up to date to protect against potential breaches.
The FSRA has issued guidance on crypto mining activities within the Abu Dhabi Global Market (ADGM). This guidance outlines the regulatory expectations and requirements for entities engaging in crypto mining, ensuring compliance with ADGM's legal framework. It is crucial for firms involved in crypto mining to understand these guidelines to operate within the regulatory boundaries.
Updates are found automatically on regulators' websites and summarised by AI. Check the official source before relying on any item.
Past weekly briefingsThe ADGM Financial Services Regulatory Authority has opened a consultation on proposed revisions to its Fees and General Rulebooks. This consultation seeks feedback from stakeholders on the proposed changes, which aim to enhance the regulatory framework and ensure it remains fit for purpose.