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29. Firms based outside the Abu Dhabi Global Market

Past version: effective from 20/10/2015 - 19/10/2015
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(1) This section applies in relation to a Non-Abu Dhabi Global Market Firm.
(2) In determining whether a Non-Abu Dhabi Global Market Firm is satisfying or will satisfy, and continue to satisfy, any one or more of the Threshold Conditions, the Regulator may have regard to any opinion notified to it by a Non-Abu Dhabi Global Market Regulator which relates to the Non-Abu Dhabi Global Market Firm and appears to the Regulator to be relevant to compliance with those conditions.
(3) In considering how much weight (if any) to attach to the opinion, the Regulator must have regard to the nature and scope of the supervision exercised in relation to the Non-Abu Dhabi Global Market Firm by the Non-Abu Dhabi Global Market Regulator.