ADGM Fees Rules (FEES Rulebook)chapter by chapter

Rule 1.1.11.1 Application

Firms must determine whether FEES Rules apply across covered events, including permission applications, controller approvals, fund registrations and notifications, prospectus approvals, securities listing, and late regulatory filings.

Rule 1.2.1-1.2.31.2 Timing of Payment and Annual Fee Deadlines

Applicants must fully pay fees before their applications are considered, with specific deadlines for initial and subsequent annual fees and additional supervision fees.

Rule 1.2.41.2 Supplementary Fees

Applicants must pay any supplementary fee the Regulator determines is required for substantial additional cost or effort, such as complex applications or restructurings, upon notification of the amount.

Rule 1.2.51.2 Means of Payment

Applicants and regulated persons must pay all ADGM fees in USD by bank transfer or card into the Regulator's bank account, with Chapter 9 fees also payable by issuers, arrangers or legal advisors.

Rule 1.2.6-1.2.71.2 Late Payment and Late Filing Fees

ADGM firms must pay the greater of $2,000 or 3% late payment fee plus 1% monthly on unpaid fees, and $500 for late Regulatory Filings.

Rule 1.2.81.2 Relief from Payment

The Regulator may reduce, waive or refund all or part of any fee, including late payment fees, where it considers this fair and reasonable.

Rule 2.1(a)-(d)2.1 Amendment of a Financial Services Permission

Firms amending an existing Financial Services Permission must pay the prescribed fee, including the application fee for new Regulated Activities or a flat fee for retail, Islamic or other condition changes.

Rule 2.22.2 Waiver or Modification of a Rule

Applicants seeking a waiver or modification of a complex or novel Rule must pay a $5,000 application fee, potentially plus a supplementary fee.

Rule 3.2.1-3.2.33.2 Multiple Regulated Activities Fee Stacking

A firm holding a Financial Services Permission for multiple Regulated Activities pays the highest single fee plus the lesser of $10,000 or the specified fee for each additional activity, with exemptions and asset-class fees noted.

Rule 3.3.1-3.16.23.3-3.16 Application and Annual Supervision Fees by Regulated Activity

Financial Services Permission applicants and authorised firms must pay application fees and annual supervision fees set per regulated activity, such as deposit-taking, dealing, and insurance, at prescribed rates.

Rule 3.17.1-3.20.23.17-3.20 Asset-Class Specific Fees (Virtual Assets/FRT, Spot Commodities, OTC Leveraged Products)

Firms applying for Regulated Activities involving Virtual Assets, Fiat-Referenced Tokens or Spot Commodities pay extra application and supervision fees, plus tiered monthly Virtual Asset MTF trading levy.

Rule 4.1.1-4.3.24.1-4.3 Recognition and Annual Fees

Recognised Investment Exchanges, Recognised Clearing Houses, Remote Bodies and Remote Members must pay prescribed application recognition fees and annual supervision fees to ADGM, with amounts set by entity type.

Rule 5.1.15.1 Approved Person Applications

Applicants must pay a $500 fee per Approved Person application for an individual, or to add a new Controlled Function to an existing approval.

Rule 6.1.16.1 Controller Approval Applications

Applicants must pay a $1,000 application fee when seeking written regulator approval for a proposed new Controller or a qualifying Holding change, with possible supplementary fees in certain cases.

Rule 7.1.1-7.1.27.1 Foreign Branch Application and Supervision Fees

Foreign branch applicants must pay an application fee of 50% of the highest applicable application fee, plus an annual supervision fee of 50% of the highest supervision fee.

Rule 8.1.1-8.2.28.1-8.2 Public Fund and Exempt/Qualified Investor Fund Registration Fees

Pay the required registration and renewal fees for Public and Exempt/Qualified Investment Funds as prescribed.

Rule 8.3.1-8.6.28.3-8.6 Prospectus Filing, Foreign/Domestic Fund Manager Notifications and Passporting Fees

Pay specified fees for filing Public Fund Prospectuses, notifying intent to manage funds, and passporting fees for Domestic Passported Funds.

Rule 9.1.1-9.3.19.1-9.3 Prospectus Filing, Securities Listing and Offer Document Approval Fees

Prospectus filers must pay ADGM fees: $20,000 or $10,000 for non-Units prospectus offers, $3,000 for Official List admission, and $5,000 for offer documents under non-ADGM legislation; no annual supervision fee for Listed Entities.

Rule 10.1.1-10.2.110.1-10.2 Sustainable Finance Designation and Annual Fees

Sustainable finance designation holders must pay a $2,000 application fee and a $2,000 annual designation fee, prorated in the initial year.