The Cabinet:
– Upon reviewing the Constitution;
– Federal Law No. 4 of 2000 concerning the UAE Securities and Commodities Authority (SCA), as amended;
– Federal Decree-Law No. 6 of 2022 Concerning Cooperative Associations;
– Based on the proposal submitted by the Minister of Economy, and the approval of the Cabinet,
Has resolved the following:
In application of provisions of this Decision, definitions set forth in Federal Decree-Law No. 6 of 2022 Concerning Cooperative Associations shall be applied to this Decision. Otherwise, the following terms and expressions shall be accorded their designated meanings, unless the context otherwise requires:
SCA: Securities and Commodities Authority.
Cooperative Movement: These are the basics, concepts and guarantees derived from the globally recognized cooperative values and principles that enable cooperative associations to achieve their objectives in accordance with provisions of public cooperative associations or in any decision issued by the Ministry in coordination with th...