1.1 Bank: Any juridical person licensed in accordance with the provisions of the Central Bank Law, to primarily carry on the activity of taking deposits, and any other Licensed Financial Activities, as defined in the Central Bank Law.

1.2 Central Bank: The Central Bank of the United Arab Emirates.

1.3 Central Bank Law: Decretal Federal Law No. (14) of 2018 Regarding the Central Bank & Organisation of Financial Institutions and Activities, as amended from time to time.

1.4 Paid Up Share Capital: The share capital of a company which is fully paid.