Abu Dhabi’s ADGM expands capital market framework to cover spot commodities

Abu Dhabi’s ADGM expands capital market framework to cover spot commodities

Dubai: Abu Dhabi Global Market has brought in major updates to its capital market framework, covering spot commodities, securities, derivatives and index benchmarks. Regulations on virtual assets and environment instruments too have been expanded. These changes enable greater participation within primary and secondary markets while ensuring ‘ADGM market participants continue to operate in accordance with and under the protection of, the highest regulatory standards Designed to reinforce and secure ADGM’s market-leading capital market ecosystem across the Middle East and North Africa (MENA) region, The changes were first proposed in March last and received ‘significant and widely supportive feedback from the industry and wider stakeholders’. Another regional first inclusion allows purpose-built offerings and listing rules relating to mining and petroleum companies. “The degree of interest shown in the consultation, as well as the keen interest by participants looking to undertake activities in these significant new areas, is hugely positive,” said Ahmed Jasim Al Zaabi, Chairman of ADGM. “Collectively, ADGM and its market participants continue to provide regulatory and industry leadership, positioning ADGM and Abu Dhabi as the jurisdiction of choice. These enhancements to our capital markets framework will unlock the next stage of investment and growth opportunities, across commodities, environmental instruments,