2.8.2

In assessing an application for a Representative Office, we will need to be satisfied that:

(a) the proposed activities are that of marketing, which means providing information on investments or financial services; engaging in promotions of investments or financial services; or making introductions or referrals of investments or financial services. It does not include advising on investments or the receiving or transmitting of orders(see paragraph 67 of Schedule 1 of the FSMR); and
(b) the applicant is incorporated and regulated by a Non-ADGM Financial Services Regulator and setting up in the ADGM as a branch.