Unified UAE Legislation Database
Machine-read text — original PDF attached

Central Bank of the UAE Market Risk Regulation Circular No. 164/2018

Status

In force

Issuing Authority

Central Bank

Effective date

XX.XX.XXXX

Official Link

https://

TABLE OF CONTENTS

Subjectالصفحة
Page
الموضوع
INTRODUCTION2مقدمة
OBJECTIVE2الهدف
MARKET RISK REGULATIONنظام مخاطر السوق
Circular No: 164/2018رقم التعميم: 2018/164
The accompanying Standards supplement the Regulation to elaborate on the supervisory expectations of the Central Bank with respect to market risk management.

# SCOPE OF APPLICATION

This Regulation and the accompanying Standards apply to all Banks. Banks established in the UAE with significant Group relationships, including Subsidiaries, Affiliates or international branches must ensure that the Regulation and Standards are adhered to on a solo and group-wide basis.

This Regulation and the accompanying Standards must be read in conjunction with the Risk Management Regulation and Standards issued by the Central Bank, which establish the requirements for a Bank's overarching approach to risk management.

# ARTICLE 1: DEFINITIONS

1. Affiliate: An entity that, directly or indirectly, controls, is controlled by, or is under common control with another entity. The term control as used herein shall mean the holding, ...