UAE Central Bank and Financial Institutions Decree-Law

Article 21 — Section Two: Governor of the Central Bank, his Deputies and Assistants: Article (21) Powers and Competencies of the Governor

Part One: The Central Bank · Chapter Three: Management of the Central Bank · Section Two

1. Without prejudice to the powers established for the Board of Directors or the Chairman provided herein, the Governor shall be the legal representative of the Central Bank. 2. Without prejudice to any competencies established for the Board of Directors or the Chairman, the Governor shall be responsible for: a. Managing the Central Bank, and conducting its business in general, including managing its day-to-day operations; implementing regulations, directives, rules and internal policies approved by the Board of Directors.   b. Signing on behalf of the Central Bank all instruments, contracts, and documents related to its business. c. Implementing this decree-law, the regulations of the Central Bank and decisions of the Board of Directors. 3. The Governor may delegate some of his powers and competencies to any of his deputies, assistants, or any staff of the Central Bank. 4. It is prohibited for any person in the State, including financial and non-financial free zones, to use the title “Governor” or its equivalent in any language, if this is likely to give the impression or mislead others that he holds the position of Governor of the Central Bank.

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