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259. Carrying on Regulated Activities in the Abu Dhabi Global Market

Past version: effective from 20/10/2015 - 19/10/2015
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(1) In the cases described in this section, a person who —
(a) is carrying on a Regulated Activity; but
(b) would not otherwise be regarded as carrying it on in the Abu Dhabi Global Market;
is, for the purposes of these Regulations, to be regarded as carrying it on in the Abu Dhabi Global Market.
(2) The first case is where —
(a) his registered office (or if he does not have a registered office his head office) is in the Abu Dhabi Global Market;
(b) the day-to-day management of the carrying on of the Regulated Activity is the responsibility of —
(i) his registered office (or head office); or
(ii) another establishment maintained by him in the Abu Dhabi Global Market.
(3) The second case is where —
(a) his head office is not in the Abu Dhabi Global Market; but
(b) the activity is carried on from an establishment maintained by him in the Abu Dhabi Global Market.