Commercial Licensing Regulations 2015 (Fines) Rules 2015
Date of Adoption: 12 April 2015
The Board of Directors of the Abu Dhabi Global Market, in implementation of section 80 of the Commercial Licensing Regulations 2015, hereby makes the following rules: —
These Rules may be cited as the Commercial Licensing Regulations 2015 (Fines) Rules 2015.
2. The standard fines scale(1) The following scale of fines is prescribed as the standard fines scale for the purposes of section 80 of the Commercial Licensing Regulations 2015:
Level on the scale Amount of Fine (in US Dollars) 1 1,500 2 2,000 3 5,000 4 10,000 5 15,000 6 20,000 7 25,000 8 50,000(2) Where a provision of any enactment or subordinate legislation provides that a fine imposed may be 'up to' or 'not exceeding' a level specified on the standard fines scale, the amount of a fine imposed pursuant to that provision shall be the amount corresponding to that level in the standard fines scale, unless the body administering that fine decides that a fine of a lesser amount is justified in the circumstances.