UAE AML/CFT Executive Regulation

Article 39 — Article (39)

Chapter Three: Transparency and Beneficial Ownership · Part One: Obligations of the Registrar, Companies, Nominee Directors, and Nominee Shareholders

Subject to the legislation in force in the State, and for the purposes of preventing and mitigating Crime risks, a Nominee Director or Nominee Shareholder shall notify the company of their capacity, disclose thereto the information relating to their status and the identity of the person they represent or the Nominator, and notify the company of any change thereto within a period not exceeding fifteen (15) Working Days from the date of such change.

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