Regulatory updates
New rules, circulars, consultations and notices from UAE regulators, each summarised with who is affected and what to do. Collected by Arakan Lexara from the regulators' own websites.
Arakan Lexara Weekly
The week's changes, what they mean and the deadlines ahead. Every Monday, free.
This regulation implements Emiratization strategies and targets in the banking, financial, and insurance sectors in the UAE. It mandates the Central Bank of UAE to establish mechanisms for monitoring compliance and imposes penalties on institutions that fail to adhere. The collected penalties will fund Emiratization efforts and training for UAE nationals in these sectors.
The Central Bank of the UAE announced its decision to keep the base rate applicable to the Overnight Deposit Facility (ODF) unchanged at 3.9%. This decision is significant for financial institutions as it influences the cost of borrowing and lending in the UAE, impacting liquidity and financial planning.
Updates are found automatically on regulators' websites and summarised by AI. Check the official source before relying on any item.
Past weekly briefingsThe Central Bank of the UAE (CBUAE) Board has reviewed the current state of the UAE's financial system and banking sector, emphasizing their strength and resilience. As part of this review, the Board approved a proactive financial institution resilience package designed to safeguard financial stability. This package aims to enhance the robustness of financial institutions against potential economic shocks.