UAE Central Bank and Financial Institutions Decree-Law
UAE Central Bank and Financial Institutions Decree-Law — Article 47 — Chapter Six: Institutional Provisions and Privileges: Article (47) Establishment and Governance of Corporate Entities
Part One: The Central Bank · Chapter Six: Institutional Provisions and Privileges
The Central Bank, for the purpose of achieving its objectives and discharging its functions stipulated in this decree-law, may establish or participate in establishing commercial or financial companies or institutions, or for specific purposes, within or outside the State or in a Financial Free Zone, and may carry on any commercial activity or own movable or immovable property, in accordance with the governance controls and guidelines issued by the Board of Directors.
Interpretation and application must be checked against the official text and current version.