Abu Dhabi Global Market updates Common Reporting Standard Regulations

On 12 September 2019, the Board of Directors of the Abu Dhabi Global Market enacted the regulations “Common Reporting Standards (Amendment No 1) Regulations 2019” to amend the Common Reporting Standards Regulations 2017 (Link). In Annex 1 and Annex 2 of the 2019 Abu Dhabi Regulation references of Annex II of the Model 1 Intergovernmental Agreement (IGA) as published by the US Department of Treasury on its website from time to time were erased. Those references include Non-reporting Financial Institutions and Excluded Accounts.

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