Arabian Post Staff -Dubai
Abu Dhabi Global Market (ADGM) has introduced a new whistleblowing framework aimed at bolstering market integrity. The regulatory body has set a May 2025 deadline for companies operating within its jurisdiction to fully implement the new rules.
The framework outlines a comprehensive system for reporting suspected breaches of ADGM laws or financial crimes. It provides robust protection for whistleblowers who come forward with information about misconduct. Notably, the framework allows for anonymous reporting, encouraging individuals to voice concerns without fear of reprisal.
By establishing clear guidelines for reporting and protecting whistleblowers, ADGM seeks to foster a culture of transparency and accountability within the market. The financial authority emphasizes that the new framework is essential for maintaining market integrity and public trust.
The introduction of the whistleblowing framework aligns with ADGM’s commitment to upholding the highest standards of corporate governance and ethical conduct. It is anticipated that the new rules will strengthen investor confidence and contribute to the overall stability of the financial market.
Compliance with the whistleblowing regulations is mandatory for all companies operating within the ADGM. The financial authority will provide support and guidance to companies during the implementation process.
