Financial Services Permission for Accepting Deposits (Category 1 Commercial Bank) (Abu Dhabi Global Market (ADGM))
The Financial Services Permission for Accepting Deposits (Category 1 Commercial Bank) is issued by Financial Services Regulatory Authority (FSRA) under FSRA Prudential: Investment, Insurance Intermediation and Banking Rulebook (PRU). The official register lists 8 current holders. The legal decision period is Within a reasonable time from submission of a complete application. The application fee is USD 70,000. Ownership changes need the regulator's approval before completion.
At a glance
| Official name | Financial Services Permission for Accepting Deposits (Category 1 Commercial Bank)1 |
|---|---|
| Issued by | Financial Services Regulatory Authority |
| Jurisdiction | Abu Dhabi Global Market (ADGM) |
| Licence family | Bank / credit institution |
| Legal basis | FSRA Prudential: Investment, Insurance Intermediation and Banking Rulebook (PRU)2 |
| Passporting | Domestic only |
| Application fee | USD 70,0001 |
| Annual fee | USD 100,0001 |
| Statutory decision time | Within a reasonable time from submission of a complete application3 |
| Public register | official register4 |
| Current holders | 84 |
What it lets you do
- Taking deposits from the public. Accepting deposits or other repayable funds from the public, the activity reserved to credit institutions.
- Lending. Granting loans, including consumer credit, mortgage credit, factoring and financing of commercial transactions.
- Execution of payment transactions. Executing direct debits, card payments and credit transfers, including standing orders, from a payment account.
Where it is valid
Cost
Buying a company that already holds it
Prior approval required. Under FSMR section 105 and GEN 8.8, prior written approval from the FSRA is required before a person becomes a controller or increases control across 20%, 30%, or 50% thresholds. A controller is defined as holding 10% or more of voting rights or capital, or exercising significant influence. The statutory determination period is 90 days from receipt of a complete notice, accompanied by a USD 1,000 application fee.5
Sources
- en.adgm.thomsonreuters.com: 7538 · retrieved 2026-09-24
- en.adgm.thomsonreuters.com: prudential investment insurance intermediation and banking r · retrieved 2026-09-24
- en.adgm.thomsonreuters.com: 12521 · retrieved 2026-09-24
- adgm.com: firms · retrieved 2026-09-24
- en.adgm.thomsonreuters.com: 7993 · retrieved 2026-09-24
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