UAE Central Bank and Financial Institutions Decree-Law

Article 67 — Article (67) Use of Term ‘Bank’ or ‘Masraf’

Part Three: Regulation of Licensed Financial Institutions and Activities · Chapter Two: Licensing · Section Two

1. Entities other than Banks licensed in accordance with the provisions of this decree-law shall not use, in their business addresses or advertisements, the expressions ‘Bank’, ‘Masraf’ or any other expression derived therefrom or similar thereto, in any language, and in any way, which may mislead the public as to the nature of its business. 2. The following entities shall be not be subject to the provisions of item (1) of this article: a. Foreign monetary authorities and central banks. b. Any federation or association established for protection of Banks’ interests. c. Any other institution exempted by the Central Bank.

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