The financial regulator in Abu Dhabi is asking for stakeholder and industry feedback as it considers developing a framework to support growth of an insurance-linked securities market there, while also seeking input to a concept for a “synthetic sidecar” structure that would sit within a regulated insurance entity.
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) is seeking feedback on a number of proposals for a significant update to its regulatory framework for insurance business.
The goal is to foster and support further development and growth of the insurance and reinsurance industry in Abu Dhabi Global Market (ADGM).
The regulator says it aims to “strike a prudent balance between competitiveness, regulatory strength, and operational simplicity, ensuring that ADGM attracts leading market participants while maintaining robust standards.”
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