The Cabinet:
- After perusal of the Constitution;
- Federal Law No. 1 of 1972 Concerning the Competencies of the Ministries and the Powers of the Ministers, as amended;
- Federal Law No. 4 of 2000 Concerning the Emirates Securities and Commodities Authority and Market, as amended;
- Federal Law No. 8 of 2004 Concerning the Financial Free Zones;
- Federal Decree-Law No. 14 of 2018 Concerning the Central Bank and the Regulation of Financial Institutions and Activities, as amended;
- Federal Decree-Law No. 20 of 2018 Concerning Combating Money Laundering Crimes, Combating Financing of Terrorism and Financing of Illegal Organizations, as amended, and its Executive Regulations;
- Cabinet Decision No. 11 of 2000 Concerning the Regulations as to Market Licensing and Supervision;
- Cabinet Decision No. 13 of 2000 Concerning the Regulation as to the Functioning of the Securities and Commodities Authority, as amended; and
- Based on what was proposed by the Chairman of the Board of Directors of the Securities and Commodities Authority and the approval of the Cabinet,
Has decided: