MIR 2.15.4

An application should include the following information:

(a) Details of the applicant's constitution including copies of its memorandum and articles of association (or similar or analogous documents) and any agreements between the applicant, its owners or other Persons relating to its constitution or governance.
(b) Details of the applicant's structure and ownership, including the identity and scale of interests of the Persons who are in a position to exercise significant influence over the management of the proposed Recognised Body, whether directly or indirectly in a structure chart.
(c) A full organisation chart and a list of the posts to be held by Key Individuals (with details of the duties and responsibilities) and the names of the Persons proposed for these appointments when these names are available.
(d) Copies of the applicant's proposed rules and procedures.
(e) Information, evidence and explanatory material (including supporting documentation) necessary to demonstrate to the Regulator that the Recognition Requirements will be met.
(f) Details of all business to be conducted by the applicant, whether or not a Regulated Activity.
(g) Details of the facilities which the applicant plans to operate, including details of the trading platform, settlement arrangements, Clearing Services and custody services which it plans to supply.
(h) Copies of the last three annual reports and accounts and, for the current financial year, quarterly management accounts.
(i) Its business plan for the first three years of operation as a Recognised Body.
(j) Details of its auditors, bankers, solicitors and any Persons providing corporate finance advice or similar services (such as reporting accountants) to the applicant.
(k) Details of any relevant functions to be outsourced or delegated, with copies of relevant agreements.
(l) Details of information technology systems and of arrangements for their supply, management, maintenance and upgrading, and security.
(m) Details of all plans to minimise disruption to operation of its facilities in the event of the failure of its information technology systems.
(n) Details of internal systems for financial control, arrangements for risk management and insurance arrangements to cover operational and other risks.
(o) Details of its arrangements for managing any counterparty risks, including details of margining systems, guarantee funds and insurance arrangements.
(p) Details of internal arrangements to safeguard confidential or privileged information and for handling conflicts of interest.
(q) Details of arrangements for complying with the notification rules and other requirements to supply information to the Regulator.
(r) Details of the arrangements to be made for monitoring and enforcing compliance with its rules and with its Clearing, settlement and default arrangements.
(s) A summary of the legal due diligence carried out in relation to ascertaining the enforceability of its rules (including Default Rules) and arrangements for margin against any of its Members based outside the Abu Dhabi Global Market, and the results and conclusions reached.
(t) Details of the procedures to be followed for declaring a Member in default, and for taking action after that event to close out positions, protect the interests of other Members and enforce its Default Rules.
(u) Details of Membership selection criteria, rules and procedures.
(v) Details of arrangements for recording transactions effected by, or cleared through, its facilities.
(w) Details of arrangements for detecting financial crime and market abuse, including arrangements for complying with money laundering law.
(x) Details of criteria, rules and arrangements for selecting Specified Investments to be admitted to trading on a Recognised Investment Exchange, or to be cleared by a Recognised Clearing House and, where relevant, details of how information regarding Specified Investments will be disseminated to users of its facilities.
(y) Details of arrangements for cooperating with the Regulator and other appropriate authorities, including draft memoranda of understanding or letters.
(z) Details of the procedures and arrangements for making and amending rules, including arrangements for consulting on rule changes.
(aa) Details of disciplinary and appeal procedures, and of the arrangements for investigating complaints.
(bb) Any information required in accordance with directions issued by the Regulator.
(cc) The appropriate fee.