The objective of this Regulation is to ensure safety and efficiency of Financial Infrastructure Systems in the UAE and promote efficient and smooth operations thereof.

This Regulation applies to LVPS that are operated in the State, or accept the clearing or settlement of Transfer Orders denominated in the Currency both in the State or outside the State, in compliance with the provisions of the Central Bank Law, including Article 28 thereof. With respect to designated LVPS, this Regulation also requires compliance with the relevant provisions of the PFMI relating to the obligations of central banks, market regulators and relevant authorities for financial market infrastructures to cooperate with each other, domestically and internationally, as appropriate, in order to promote the safety and efficiency of financial market infrastructures.

The provisions of this Regulation shall not apply to Financial Free Zones and to LVPS operating therein unless when expressly provided hereunder