• MIR 8.1 MIR 8.1 Introduction

    • MIR 8.1.1

      An Applicant to be a Remote Member must submit a written application to the Regulator on how it satisfies or intends to satisfy the Remote Member Requirements at the date of the application and on an ongoing basis.

    • MIR 8.1.2

      The written application in Rule 8.1.1 is to include:

      (a) the business name or trading name the Remote Member intends to use in the ADGM;
      (b) the address of the Remote Member’s registered office and head office in its home jurisdiction;
      (c) the name of the Recognised Body upon which it is applying for membership;
      (d) the name of, and contact details relating to, the Non‐ADGM Financial Services Regulator in its home jurisdiction; and
      (e) how the Applicant will satisfy the Remote Member Requirements set out in Rule 8.2.1.

    • MIR 8.1.3

      In assessing an application for a Remote Member Recognition Order, the Regulator may:

      (a) carry out any enquiries which it considers appropriate including enquiries independent of the Applicant;
      (b) require the Applicant to submit such additional information as the Regulator may reasonably require;
      (c) require any information submitted by the Applicant to be verified in such manner as the Regulator may specify; and
      (d) take into account any information which the Regulator considers appropriate in relation to the Applicant.