# ADGM activity check

Canonical: https://abudhabidigitalassetlaw.com/activity-check/
Publisher: Ape Law / Alt Legal Consultants FZ-LLC
Published: 2026-09-25

Answer in brief

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.[\[1\]](https://abudhabidigitalassetlaw.com/activity-check/#ref-adgm)

## 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.[\[1\]](https://abudhabidigitalassetlaw.com/activity-check/#ref-adgm)

## 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.

**Useful output**: A dated activity assessment with assumptions and review triggers.

## 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.[\[2\]](https://abudhabidigitalassetlaw.com/activity-check/#ref-adgmService)[\[3\]](https://abudhabidigitalassetlaw.com/activity-check/#ref-victoria)

[Ape Law’s ADGM licensing practice ↗](https://ape.law/services/adgm-vasp-license)

## Continue reading

- [Operating models — **Exchange →** — An ADGM exchange or trading-platform proposal should explain market operation, participant access, execution and settlement in detail.](https://abudhabidigitalassetlaw.com/exchange/)

- [Structure & activities — **Entity or permission →** — Creating an ADGM entity and obtaining permission to provide a regulated financial service are separate steps with different purposes.](https://abudhabidigitalassetlaw.com/entity-or-permission/)

- [Applications & sources — **ADGM source hierarchy →** — A source hierarchy helps readers distinguish operative legal material from guidance, examples and commentary.](https://abudhabidigitalassetlaw.com/source-hierarchy/)

## References

Numbered links lead to the original source. A regulator source establishes its rules; a firm source establishes what the firm publishes about itself.

1. [ADGM: Financial Services Regulatory Authority ↗](https://www.adgm.com/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.
2. [Ape Law: ADGM VASP licensing ↗](https://ape.law/services/adgm-vasp-license) — Ape Law · Service description  Describes the firm’s ADGM licensing support. Consult the FSRA’s records for permission status.
3. [Victoria Wells: official professional profile ↗](https://ape.law/victoria-wells) — 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.](https://abudhabidigitalassetlaw.com/sources/)