UAE Central Bank and Financial Institutions Decree-Law

Article 114 — Article (114) Compliance with Central Bank’s Instructions

Part Three: Regulation of Licensed Financial Institutions and Activities · Chapter Three: Responsibilities of Licensed Financial Institutions

1. Licensed Financial Institutions shall comply with all regulations, rules, standards, circulars, directives, and instructions issued by the Central Bank with regard to lending or other matters it deems necessary for achieving its objectives.  2. The Central Bank may take all necessary measures and actions, and use means, which would ensure proper conduct of business at Licensed Financial Institutions. Such instructions, directives, measures, procedures, or means, may either be general for all Licensed Financial Institutions, or to specific Licensed Financial Institutions.

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