Browsing: Abu Dhabi Global Market

UAE Sustainable Finance Working Group (SFWG) has introduced the ‘Principles for Sustainability-Related Disclosures for Reporting Entities’ as part of a collaborative effort among UAE regulatory bodies to enhance sustainability-related disclosure requirements for financial institutions in line with international standards. This initiative aligns with the declaration of 2024 as the ‘Year of Sustainability’.

Securities and Commodities Authority (SCA) of the UAE actively enforced a regulation (pdf) since last Sunday, prohibiting onshore banks from promoting or marketing foreign funds to retail investors. This regulation allows only funds registered with the SCA to be marketed in the UAE to retail investors.

Abu Dhabi Global Market (ADGM) is set to host the sixth edition of the Abu Dhabi Sustainable Finance Forum (ADSFF). Adssf will take place on December 4, which is the thematic day focused on ‘Finance, Trade, and Gender Equality’ during COP28, held from November 30 to December 12 at Expo City in Dubai.