UAE Capital Market Authority Law

Article 28 — Article (28) Delegation of Powers and Outsourcing of Services

Final Provisions

1. The Cabinet may, based on a proposal submitted by the Board, delegate any of the powers of the Authority stipulated in this Decree by Law and the Capital Market Regulation Law to any federal or local governmental entity. 2. The Authority may, subject to the approval of the Board and with the approval of the Cabinet, outsource certain of its services to any governmental or private entity.

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