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Article (115) Publication and Display of Accounts

Fed Law 14/2018 Issued on 1/10/2018

1) Each Licensed Financial institution shall publish and display the following information and statements on its website, and in each of its offices and branches in the State:

  • a. Copy of its audited balance sheet and profit and loss account, and copy of the auditors’ report. Where a Licensed Financial Institution is incorporated in other jurisdictions, publication of such statements may be carried out in the manner consistent with laws of the concerned jurisdiction.
  • b. List of names of members of the board of directors, senior executives and their deputies and assistants.
  • c. Names of all wholly or partially owned subsidiaries, or entities related to the concerned Licensed Financial Institution.

2) The Central Bank may, require any Licensed Financial Institution to publish or display any information or statements relating to its accounts, in addition to the requirements stated in item (1) of this article, as it deems appropriate.