To become a Participant of ACX and ACC, an applicant must complete ACX’s application, undergo a due diligence review and execute the Participant Agreement stating that the applicant will adhere to ACX’s Market Rules
For more information to begin your application please find out the Contact Us form.
ACX and ACC permit two classifications of Participants to its exchange, OTC, custody and settlement facilities, with these being Direct Participants and Members (collectively referred to as Participants). These categorisations determine the type of business which Participants may conduct on the facilities of ACX and ACC as follows:
Direct participants are permitted to:
• Deposit funds and assets (including carbon credits) with ACC as custodian, on its own behalf;
• Transact on ACX and settle (exchange and OTC) on ACC on its own behalf; and/
• To enter into Block Trades on ACX.
Members are permitted to:
• Deposit funds and assets (including carbon credits) with ACC as custodian, on its own behalf and on behalf of its Clients;
• Transact on ACX and settle transactions (exchange and OTC) on ACC on its own behalf;
• Intermediate transactions (exchange and OTC) on ACX and settlement on ACC, on behalf of its Clients (whether such Clients are other Participants or non-Participants);
• Sponsor its Clients to have Direct Electronic Access (DEA) for transactions (exchange and OTC), custody and settlement; and/or.
• To arrange Block Trades on ACX on behalf of other Participants, or the Clients of Members.
Clients are required to be corporate entities or Professional Investors that a Member has completed due diligence and where a Member remains responsible for the conduct of Transactions intermediated by the Member.
Subject to ACX’s Market Rules, Participants are required to be corporate entities or Professional Investors and to complete ACX’s onboarding requirements, including agreeing to ACX’s Market Rules and Participant Agreement, as well as concluding ACC’s due diligence. Participants are expected to inform ACX of failure or anticipated failure to meet the Participant criteria.
Subject to ACX’s Market Rules, a Participant must register an Authorised Representative with ACX, who is responsible for supervising all activities of the Participant, its other Authorised User(s) and its employees relating to transactions, settlement and custody, and for providing information regarding the Participant to ACX upon the request of ACX.
Prospective applicants who are located outside of the Abu Dhabi Global Market do not need to be recognized by the Financial Services Regulatory Authority as Remote Members (as defined in the Financial Services and Markets Regulations 2015) in order to be eligible to be a Participant.