Regulatory Alerts2018-10-31
Decretal Federal Law No. 14 of 2018 Regarding the Central Bank and Organization of Financial Institutions and Activities
The President of the United Arab Emirates promulgated Decretal Federal Law No. 14 of 2018 to establish the legal framework for the Central Bank of the UAE and regulate financial institutions and activities. The law defines the Central Bank's independence, objectives, governance structure, and powers regarding monetary policy, currency issuance, and financial stability. It further mandates licensing requirements for financial institutions, outlines prudential supervision and consumer protection measures, and establishes rules for financial infrastructure systems and dispute resolution.
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