Abu Dhabi regulator sets up framework for robo-advisers

FRAMEWORK WILL PROMOTE FAIRNESS, ACCOUNTABILITY AND TRANSPARENCY IN THE USE OF ALGORITHM-BASED TOOLS The Financial Services Regulatory Authority of Abu Dhabi Global Market has issued its regulatory framework for Digital Investment Managers (also known as ‘robo-advisors’), operating in ADGM. Digital Investment Managers provide investment management services using algorithm-based tools and…