Cabinet Decision No. 45 of 2018 Concerning the Executive Regulations of Federal Law No. 11 of 2015 Controlling the Trade in and Stamping of Precious Stones and Metals

The Cabinet; 

− Upon review of the Constitution;

− Federal Law No. 1 of 1972 concerning the Competences of Ministries and Powers of Ministers, and any amendments thereof;

− Federal Law No. 28 of 2001 Concerning Setting up of Emirates Specifications and Standards Authority, and amendments thereof;

− Federal Law No. 11 of 2015 Controlling the trade in and stamping of precious stones and metals;

− And upon the approval of the Cabinet;

The following has been decided:

Article 1 - Definitions 

In application of the Provisions of this Decision, the following words and phrases shall have the meanings assigned to them, unless the context indicates otherwise:

UAE: means the United Arab Emirates; 

ESMA: Emirates Authority for Standardisation and Metrology 

Competent Authority: Local Authority competent to apply provisions of this Decision. 

Committee: Committee of controlling the trade in precious stones and metals. 

Stamping: Tagging the precious metal to indicate its type and its legal carat or purity rank. 

Of...