MFA submitted a letter to the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) in support of their drive to refine fund manager regulations.
The letter provided the following comments:
-
Tailor the regulatory framework for private funds, available only to sophisticated, institutional investors, to help attract global managers and capital.
-
Avoid prescriptive leverage caps for private funds, and instead rely on disclosure and risk-based guardrails calibrated for different strategies and risk profiles.
-
Streamline regulation for smaller fund managers to lower barriers to entry and support market growth.
-
Strengthen accountability for foreign fund managers while allowing targeted exceptions where local custody or administration requirements are impractical.
-
Integrate specialist investment strategies into the broader framework to reduce fragmentation and enhance ADGM’s competitiveness.
