Fair Market Value
The current value that an independent third party would pay for a Share in a company in an arm’s length transaction.
A person with a duty to act solely in the interests of another party e.g. Directors of a company are fiduciaries of the company’s shareholders.
The duties owed by a Fiduciary to the person in whose interests they are acting e.g. duty of confidentiality, a duty not to profit from the position.
FinTech Hive at DIFC
A programme offered by the DFSA in the DIFC where financial services businesses and entrepreneurs can refine and test their proposition. Firms operating in FinTech Hive are given a restricted class of financial services licence known as an Innovation Testing Licence.
An initial Shareholder of a company who gets the business started. They are also often the initial Directors of a company. The term is not a legal one and Founders do not have any rights in addition to those they hold as a Shareholder or Director of the company.
Financial Services Regulatory Authority. The financial services regulator in ADGM.