Who is a controller of an ADGM authorised firm?
Anyone with significant influence via shares or voting rights
FSRA defines a Controller as a person able to exercise significant influence over the management of the Authorised Person through shares or voting rights; acquiring this status triggers the Change in Control approval requirement.
More on Licensing
Does acquiring control of an ADGM-regulated firm need FSRA approval?Yes — prior FSRA approval is requiredCan I buy an ADGM financial services licence?No — you acquire the licensed entity, with FSRA approvalDoes acquiring control of a DIFC/DFSA firm need DFSA approval?Yes — under the DFSA controllers regimeCan a UAE trade licence be transferred on its own?No — it is tied to the entity; ownership changes via amendment