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Objective

C 21/2022 Effective from 1/10/2022

The objective of this Regulation is to provide a regulatory framework in which Specialized Banks can operate and develop within the overall UAE financial sector in a robust and prudent manner. The framework in this Regulation is aimed at:

  1. Protecting the depositors of Specialized Banks;
  2. Protecting Specialized Bank consumers; and
  3. Maintaining the overall stability of the financial sector.