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Article (89) Compliance with Central Bank’s Instructions

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

1) Deposit-taking Licensed Financial Institutions shall comply with all rules, regulations, standards, circulars, and directives and instructions issued by the Central Bank with regard to lending or other matters it deems necessary for achieving its objectives.

2) The Central Bank may take all necessary measures and actions, and use means, which would ensure proper conduct of business at deposit-taking Licensed Financial Institutions. Such instructions, directives, measures, procedures, or means, may either be global for all Licensed Financial Institutions, or to specific Licensed Financial Institutions.