# Financial Services Permission for Managing a Collective Investment Fund (Category 3C) (Abu Dhabi Global Market (ADGM))

Source page: https://protegra.io/licensing/licences/fund-manager/adgm/

The Financial Services Permission for Managing a Collective Investment Fund (Category 3C) is issued by Financial Services Regulatory Authority (FSRA) under FSRA Fund Rulebook (FUNDS). The official register lists 158 current holders. The legal decision period is Within a reasonable time from submission of a complete application. Ownership changes need the regulator's approval before completion.

## At a glance

| Official name | Financial Services Permission for Managing a Collective Investment Fund (Category 3C) [1] |
| --- | --- |
| Issued by | [Financial Services Regulatory Authority](https://protegra.io/licensing/regulators/fsra-adgm/) |
| Jurisdiction | [Abu Dhabi Global Market (ADGM)](https://protegra.io/licensing/jurisdictions/adgm/) |
| Licence family | [Fund manager](https://protegra.io/licensing/licences/fund-manager/) |
| Legal basis | FSRA Fund Rulebook (FUNDS) [2] |
| Passporting | Domestic only |
| Statutory decision time | Within a reasonable time from submission of a complete application [3] |
| Public register | [official register](https://www.adgm.com/public-registers/fsra/firms) [4] |
| Current holders | 158 [4] |

## What it lets you do

- [Managing alternative investment funds](https://protegra.io/licensing/activities/aif-management/)
- [Managing UCITS funds](https://protegra.io/licensing/activities/ucits-management/)
- [Portfolio management](https://protegra.io/licensing/activities/portfolio-management/)

- **Managing alternative investment funds.** Performing portfolio management and risk management for funds that are not UCITS, such as hedge, private equity and real estate funds.
- **Managing UCITS funds.** Managing undertakings for collective investment in transferable securities, the EU's retail fund format.
- **Portfolio management.** Managing client portfolios that include financial instruments on a discretionary, client-by-client basis.

## Where it is valid

_Valid in Abu Dhabi Global Market (ADGM)._

## 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

1. [en.adgm.thomsonreuters.com: 7549](https://en.adgm.thomsonreuters.com/entiresection/7549): retrieved 2026-09-24
2. [en.adgm.thomsonreuters.com: fund rulebook funds ver13160926](https://en.adgm.thomsonreuters.com/rulebook/fund-rulebook-funds-ver13160926): retrieved 2026-09-24
3. [en.adgm.thomsonreuters.com: 12521](https://en.adgm.thomsonreuters.com/entiresection/12521): retrieved 2026-09-24
4. [adgm.com: firms](https://www.adgm.com/public-registers/fsra/firms): retrieved 2026-09-24
5. [en.adgm.thomsonreuters.com: 7993](https://en.adgm.thomsonreuters.com/entiresection/7993): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.