Policy update

Policy & Legal Updates

ADGM FSRA Introduces Lighter Regulatory Regimes for Smaller Fund Managers

Abu Dhabi Global Market's Financial Services Regulatory Authority has introduced lighter-touch regulatory regimes for lower-risk fund managers to reduce capital and compliance burdens. The reforms establish three distinct categories—sub-threshold, venture capital, and institutional—exempting all three from requirements to appoint a finance officer or maintain an internal audit function. Qualifying managers also benefit from reduced capital requirements and fee or insurance concessions.

Policy & Legal Updates

UAE Outlines End-of-Service Gratuity Calculation Rules for Private Sector Expatriates

The UAE Ministry of Human Resources and Emiratisation has detailed the levels for calculating end-of-service gratuity for private-sector expatriate employees. Foreign workers are entitled to 21 days' basic wage for each of the first five years and 30 days for each additional year. Compliance with these labour rules remains compulsory for all private employers.

Policy & Legal Updates

UAE Clarifies Private Sector Notice Period Rules Under Federal Labor Law

A regulatory breakdown outlined the notice period framework governed by UAE Federal Decree-Law No. 33 of 2021. Standard private sector notice periods must range between 30 and 90 calendar days, with specific rules applying to probation terminations and job-seeking leave.

Policy & Legal Updates

UAE Outlines 12 Work Permit Categories and Warns of Heavy Fines

The UAE Ministry of Human Resources and Emiratisation has detailed 12 distinct work permit categories for expatriates. Authorities warned that deploying workers without matching permits carries fines ranging from Dh100,000 to Dh1 million.