12. Specific conditions of licence - special conditions for partnerships
(1) Where persons propose to establish a partnership governed by the laws of the Abu Dhabi Global Market; either—
(a) such persons, in the case of a partnership that does not have separate legal personality; or
(b) the partnership, in the case of a partnership that has separate legal personality,
shall apply for a licence in the name of the partnership.
(2) No licence may be granted to a partnership that does not have separate legal personality unless the partnership has been formed pursuant to a written partnership agreement and the agreement has been registered with the Registrar by filing an application for registration in the form specified by the Registrar at the same time as the applicant submits an application for a licence under the Regulations. The partners of a partnership that does not have separate legal personality shall be jointly liable for compliance with these Rules and any applicable conditions of licence.
(3) This Rule does not apply to an applicant which is a non-ADGM body corporate who shall be subject to the Regulations and these Rules as a non-ADGM body corporate.