Book traversal links for المادة (18) صلاحيات المصرف المركزي
Article (18) Powers of the Central Bank
The Central Bank may decide to:
18-1 | set caps on Remuneration (for certain lines of business); |
18-2 | liquidate bank guarantees for Insurance Brokers who are not able to meet their liabilities; and |
18-3 | increase or decrease the minimum capital and bank guarantee requirements for Insurance Brokers, depending on the nature, scale, complexity of their operations and their ability to meet their liabilities, on a case-by-case basis. |
18-4 | increase the minimum percentage of the UAE national shareholding requirements to the total paid up capital of the Insurance Broker. |