New rules for reporting fund returns in ADGM: ADGM’s Financial Services Regulatory Authority (FSRA) amended its Funds(pdf) and GLO (pdf) rulebooks to require fund managers to file new Periodic Fund Returns for each domestic and foreign fund they oversee, according to a statement. The new framework is intended to give the regulator consistent visibility into fund activity across all fund types.

The details: Public funds and open-ended exempt funds must now submit quarterly returns within one month of period-end, while closed-ended exempt funds, qualified investor funds, and foreign funds will report semi-annually, with a six-month filing window. Oversight officers are also required to certify the accuracy and completeness of these returns.

Next steps: FSRA said the reporting regime will be rolled out in phases and that a Dear SEO letter will be issued with further implementation details.

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