Abu Dhabi: Global Market Updates Venture Capital Managers Framework

Abu Dhabi: Global Market Updates Venture Capital Managers Framework News developments

Abu Dhabi: Global Market Updates Venture Capital Managers Framework

The Financial Services Regulatory Authority of Abu Dhabi’s Global Market has announced it has updated its venture capital managers framework.

The authorisation criteria and ongoing regulatory requirements have been amended.

The aim is to provide more flexibility in permissible investments in target entities.

The Authority has also approved amendments to its fees framework.

The amendments extend the scope of those who can pay fees on behalf of authorised entities and the methods by which fees can be paid.

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Marlé Van Sandwyk