Main information requirements
The main information requirements are the same for all applicants, including startups, and each application will be assessed on its own merits.
A key document will be the regulatory business plan submitted in support of the application. It will facilitate the application process if applicants cover the following areas within this submission:(a) an introduction and background;(b) strategy and rationale for establishing in the ADGM;(c) organisational structure;(d) management structure;(e) proposed resources;(f) high level controls;(g) risk management;(h) operational controls;(i) systems overview;(j) how the proposed activities are mapped against the Regulated Activities and why particular Regulated Activities are applied for; and(k) financial projections.
Start-up applicants may find it useful to include diagrams illustrating corporate structures, and, where applicable, group relationships, governance arrangements, organisational design, clear reporting lines, business process flows and systems environments.
Comprehensively addressing these areas and detailing how the key risks will be identified, monitored and controlled may significantly assist us in determining applications from a start-up.