UAE Central Bank and Financial Institutions Decree-Law
Article 121 — Article (121) Opening Branches and Subsidiaries Inside or Outside the State and in a Financial Free Zone
Part Three: Regulation of Licensed Financial Institutions and Activities · Chapter Five: Supervision and Oversight of Licensed Financial Institutions · Section One
A Licensed Financial Institution shall not establish any branch or subsidiary inside or outside the State or in a Financial Free Zone, or relocate or closedown any existing branch without Central Bank’s prior approval.
Interpretation and application must be checked against the official text and current version.
