Book traversal links for Article (113): Accounts of Licensed Financial Institutions
Article (113): Accounts of Licensed Financial Institutions
Fed Law 14/2018 Issued on 1/10/20181) Branches of foreign Licensed Financial Institutions shall maintain separate accounts for all their operations in the State, including the balance sheet and profit and loss account.
2) Branches and sections of a local or foreign Licensed Financial Institution operating in the State, shall, for the purposes of bookkeeping, constitute one financial institution.