For the purposes of applying the provisions of this Decree Law, TDRA shall have the following competencies: 1. Regulating the work and activities of the Licensees, including issuing, renewing, amending, suspending and canceling Licenses, exempting from licensing or some or all of its conditions, and granting or withdrawing the qualified status, after ensuring that the Licensees comply with the controls, standards and requirements agreed upon with the Competent Authorities. 2. Issuing controls, procedures and standards related to the Electronic Identification System, Authentication Procedures and Digital Identity, after coordination with the Competent Authorities. 3. Issuing controls, procedures and standards related to Trust Services and Qualified Trust Services, in particular the mechanism for creating, saving and validating Electronic Signatures, Electronic Seals, Electronic Documents electronically signed or sealed, and Qualified Trust Mark specifications, after coordination with the Competent Authorities. 4. Assessing license applicants or those licensed thereby or by the compliance assessment body and setting controls and conditions for regulating the work of compliance assessment bodies. 5. Preparing, publishing and updating the UAE Trust List of Licensees, Trust Services and Qualified Trust Services. 6. Supervising, controlling and inspecting Licensees, provided that coordination is made with the Central Bank of the United Arab Emirates regarding the inspection of the financial institutions licensed thereby. 7. Receiving and adjudicating complaints and taking the necessary procedures and measures with respect thereto. 8. Any other competencies assigned thereto by the Cabinet.
Interpretation and application must be checked against the official text and current version.