• Companies (Amendment No. 2) Regulations 2016

    Regulations to amend the Companies Regulations 2015.

    Date of Enactment: 9 October 2016

    The Board of Directors of the Abu Dhabi Global Market, in exercise of its powers under Article 6(1) of Law No. 4 of 2013 concerning the Abu Dhabi Global Market issued by His Highness the Ruler of the Emirate of Abu Dhabi, hereby enacts the following Regulations —

    • 1 Amendments to the Companies Regulations 2015

      (1) The Companies Regulations 2015 are amended as follows.
      (2) For paragraph 371(1)(b), words "(other than a FinTech Participant)" shall be inserted after the words "a financial institution".
      (3) For paragraph 371(1)(c), words "(other than a FinTech Participant)" shall be inserted after the words "a member of an ineligible group".
      (4) For paragraph 371(2)(b), words "(other than a FinTech Participant)" shall be inserted after the words "a financial institution".
      (5) For paragraph 784(6)(b), the following shall be substituted —

      "(b) a charge which is an international interest, as defined in Part 12 of the Insolvency Regulations 2015".
      (6) In section 784(6), the following shall be inserted —

      "(c) a charge excluded from the application of this section by these Regulations, or any other law of the Abu Dhabi Global Market."

    • 2 Short title, extent and commencement

      (1) These Regulations may be cited as the Companies (Amendment No. 2) Regulations 2016.
      (2) These Regulations shall apply in the Abu Dhabi Global Market.
      (3) These Regulations come into force on the date of their publication.