The Council of Ministers, having perused
- The Constitution;
- Federal Law No. 1 of 1972 concerning the Functions of Ministries and Powers of Ministers, and amendments thereof;
- Federal Law No. 4 of 2000 concerning the Emirates Securities and Commodities Authority and Market, and amendments thereof;
- Federal Law No. 1 of 2011 concerning the Revenues if the State;
- Federal Law No. 12 of 2014 Regulating the Profession of Auditors;
- Federal Law No. 12 of 2014 concerning the Auditors Profession;
- The Federal Law No. 2 of 2015 concerning Commercial Companies;
- Federal Law No. 14 of 2016 concerning Violations and Administrative Penalties in the Federal Government; and
- Based on the recommendation of the Minister of Finance and approval of the Cabinet,
Has decided:
In the application of this Decision, the following words and terms shall have the meanings assigned thereto herein unless the context indicates otherwise:
State: The United Arab Emirates
Authority/SCA: The Securities and Commodities Authority.
Auditors Register: A regi...