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Article (1) Definitions

C 4/2020 يسري تنفيذه من تاريخ 22/4/2020
  1. a)Bank: Any juridical person licensed in accordance with the provisions of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank & Organization of Financial Institutions and Activities, to primarily carry out the activity of taking deposits, and any other Licensed Financial Activities.
  2. b)Finance Company: As defined in the “Finance Companies Regulation” (Circular 112/2018).
  3. c)Capital: CET1 for banks as defined in “Regulation re Capital adequacy Circular” (52/2017) and Aggregate Capital Funds as defined in Article 11 in “Finance Companies Regulation” (Circular 112/2018).