Unified UAE Legislation Database

Cabinet Decision No. 2 of 2022 Concerning the Trading of Cooperative Associations' Shares in Financial Markets in the State

Status

In force

Issuing Authority

The UAE Cabinet

Effective date

XX.XX.XXXX

Official Link

https://

The Cabinet,
- Having reviewed Federal Law No. 1 of 1972 Concerning the Competences of Ministries and Capacities of Ministers, and its amending laws thereof; and
- Federal Law No. 13 of 1977 Concerning Cooperative Associations; and
- Federal Law No. 4 of 2000 Concerning the Emirates Securities and Commodities Market Authority, and its amendments thereof; and
- Based upon the Minister of Economy's proposal, and the Cabinet's approval,
Resolved:

 

Article 1  —Definitions

The following terms shall have the meanings assigned to each of them, unless the context requires otherwise:

 

State: The state of the United Arab Emirates.

 

Ministry: The Ministry of Economy.

 

Minister: The Minister of Economy.

 

Authority: The Securities and Commodities Authority.

 

Financial Markets: The financial markets in the State licensed by the Authority.

 

Cooperative Association: The cooperative association incorporated in the State in accordance with the provisions of Federal Law No. 13 of 1976 concerning cooperative associations.

 

Registrar: The natural person or concerned unit in th...