Violation of any provision of this Regulation and the accompanying Standards may subject the Licensee to supervisory action, administrative action and/or financial sanctions as deemed appropriate by the Central Bank.
11.2
Without prejudice to the provisions of the Central Bank Law, supervisory action and sanctions by the Central Bank may include withdrawing, replacing or restricting the powers of Senior Management or Members of the Board, providing for the interim management of a Licensee, or barring individuals from the UAE financial sector.