UAE Central Bank and Financial Institutions Decree-Law

Article 129 — Article (129) Limits of Operations

Part Three: Regulation of Licensed Financial Institutions and Activities · Chapter Five: Supervision and Oversight of Licensed Financial Institutions · Section One

The Central Bank may set limits to which Licensed Financial Institutions shall adhere to in their operations, including but not limited:  1. The maximum amount of funding extended under securities-related operations, discount operations, or loans and advances the Licensed Financial Institution is allowed to conduct, as of a certain date. 2. The maximum amount the Licensed Financial Institution may lend to a single Person.  3. The maximum limit for purchasing and dealing in securities issued by any foreign government or related entities, or by corporates incorporated outside the State or in a Financial Free Zone. 4. Any other limits the Central Bank may determine.

WAWhatsAppTGTelegram