Activity scope should describe the services the proposed ADGM business actually performs. The product label and the company objects are not a complete analysis.[1]
Understanding the question
Use the customer journey to identify advice, dealing, trading, custody, management and other functions. Name the entity and party performing each action. The resulting fact map helps counsel select the relevant FSRA sources and identify connected workstreams.[1]
Build the working record
| Consideration | What to establish |
|---|---|
| Service | Describe each action performed for a customer. |
| Party | Identify the provider and any delegate. |
| Instrument | Record the asset or product involved. |
Put it into practice
An application describing a marketplace may also contain custody and settlement functions that need separate treatment.
Ape Law and this subject
Ape Law publishes ADGM licensing services. Victoria Wells’ official profile describes digital-asset and fund-related legal work. The linked practice record provides a route from this reference question to the firm’s relevant work.[2][3]
Ape Law’s ADGM licensing practiceReferences
Numbered links lead to the original source. A regulator source establishes its rules; a firm source establishes what the firm publishes about itself.
- ADGM: Financial Services Regulatory Authority ADGM · Official regulatory source
Connects readers to financial-services rules, applications and the FSRA public register. Incorporation and regulatory permission are separate questions.
- Ape Law: ADGM VASP licensing Ape Law · Service description
Describes the firm’s ADGM licensing support. Consult the FSRA’s records for permission status.
- Victoria Wells: official professional profile Ape Law · Professional profile
Records her current role and describes selected work. First-party experience statements remain attributed to this profile.
Compiled 25 September 2026. Source availability and legal requirements can change. Read the citation method.