An activity check is a focused review of the operating facts against the relevant regulatory framework. It should produce specific questions and conclusions for each function.[1]
Understanding the question
Break the product into actions and identify customer relationships, discretion, control and revenue. Test outsourced functions as well as internal ones. The check should be refreshed when the service, instrument or customer base changes.[1]
Build the working record
| Consideration | What to establish |
|---|---|
| Action | What is being done for whom? |
| Authority | Who decides, executes or controls the relevant step? |
| Change | Which product updates could alter the assessment? |
Put it into practice
Adding discretionary rebalancing to a reporting tool changes the facts that counsel must assess.
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.