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ADGM Appoints Members to New Appeals Panel

The Wealth Today by The Wealth Today
March 11, 2022
in New Leaders, News, People
ADGM Appoints Members to New Appeals Panel
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Following the announcement in January 2022 by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) of the merger of two independent administrative bodies – the Regulatory Committee and the Appeals Panel – into one integrated body, the ADGM Board of Directors is now pleased to announce the appointment of five leading legal and regulatory professionals as members in the new Appeals Panel.

The new Appeals Panel is led by Mr Michael Brindle QC as President, with Ms Jane Diplock AO as Deputy President. The Panel as a whole comprises outstanding expertise in banking and finance, financial services regulation, commercial litigation, regulatory supervision, international arbitration, commercial dispute resolution and other relevant areas. The other members are Ms Patricia Robertson QC, Ms Rachel Eng, and Mr Andrew Whittaker.

The Appeals Panel is established to primarily review decisions made in the first instance by the FSRA and ensure the proper observance of due process and procedural fairness by the FSRA in exercising its duties and powers in a consistent, transparent and balanced manner. The Appeals Panel has full independence and authority for determining regulatory appeals and is independent of the ADGM Board of Directors, the FSRA, and the ADGM Courts to preserve its objectivity and impartiality.

Emmanuel Givanakis, CEO of the FSRA, said: “Strong governance and a commitment to due process underpin the regulatory framework of every world-class International Financial Centre. ADGM is no exception, and with the appointment of the Appeals Panel members by the ADGM Board, we continue to ensure an environment that is fair, efficient and transparent.”

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Disclaimer: The content of the above information is sourced (or provided), in entirety or in parts from an external source and the content may or may not be edited. The Wealth Today shall not be held liable for damages arising out of any action taken with respect to the use or consumption of information or service published above or anywhere else on the website. This website does not guarantee the accuracy, views, opinions, or any promises expressed in the above news. 

If you find any errors or discrepancies in the above information, you can write to us at editor@thewealth.today.

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Tags: ADGMFSRA
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