UAE Central Bank and Financial Institutions Decree-Law

Article 23 — Article (23) Dedication of Service

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

1. The Governor, his deputies and assistants shall devote their full time to their work at the Central Bank, and none of them shall hold any paid or unpaid position, or be a member of the board of directors of any Licensed Financial Institution, or enter, directly or indirectly, in any contracts concluded by the Public Sector. 2. The prohibitions referred to in item (1) of this article shall not apply to assignments entrusted to any of them by the Government or any of the governments of Union member emirates in the Public Sector, including representation in international conferences, or representation of the Public Sector in the various committees, subject to the approval of the Board of Directors. 3. The prohibitions referred to in item (1) of this article shall not apply to entities and companies established, partnered in, controlled, supervised, or managed by the Central Bank to achieve its objectives and discharge its functions, subject to approval by the Board of Directors.

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