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27. Meaning of “ADGM Person” and associated terms

(1) In these Regulations, an “ADGM Person” means:
(a) a company incorporated under the Companies Regulations;
(b) an LLP incorporated under the LLP Regulations;
(c) a foundation established under the Foundations Regulations; or
(d) a trustee of a trust governed by the law of the Abu Dhabi Global Market.
(2) In these Regulations, the “officers” of an ADGM Person means:
(a) in the case of a company, the officer of the company (within the meaning prescribed under section 1028 of the Companies Regulations);
(b) in the case of an LLP, those members (within the meaning prescribed under section 3 of the LLP Regulations) of the LLP exercising functions under the members’ agreement equivalent to the functions of the officers of a company;
(c) in the case of a foundation, the founder, councillor or guardian of the foundation (each within the meaning prescribed under section 47 of the Foundations Regulations); and
(d) in the case of a trustee that is a not a natural person, any director (or equivalent) of a corporate trustee, or any other person exercising control over the trustee.
(3) In these Regulations, the “members” of an ADGM Person means:
(a) in the case of a company, the members of the company (within the meaning prescribed under section 143 of the Companies Regulations);
(b) in the case of an LLP, the members of the LLP (within the meaning prescribed under section 3 of the LLP Regulations); and
(c) in the case of a foundation, the beneficiaries (if any) of the foundation (within the meaning prescribed under section 31 of the Foundations Regulations).