Not in Force, abrogated by Federal Decree-Law No. 6 of 2025
We, Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates,
Having reviewed:
- The Constitution;
- Federal Law No. 1 of 1972 on the Competences of Ministries and the Powers of Ministers, as amended;
- Federal Law No. 6 of 2007, Regulating Insurance Business, as amended;
- Federal Decree-Law No. 14 of 2018, on the Central Bank and Regulation of Financial Institutions and Activities, as amended;
- Federal Decree-Law No. 32 of 2021, on Commercial Companies; and
- Based on the Proposal submitted by the State's Vice-President, the Deputy Prime Minister and the Minister of Presidential Court, and the Cabinet approval thereof,
Hereby enact the following Decree-Law:
For the purpose of applying the provisions of this Decree-Law, the following words and expressions shall bear the meanings assigned thereto respectively, unless the context requires otherwise:
The State: The United Arab Emirates.
The CBUAE: The Central Bank of UAE.
Board: The CBUAE's Board of Directors.