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Article (107): Cooperation with Local and International Authorities

The CBUAE may cooperate with regulatory authorities in other States to exercise its powers set forth in this Decree-Law over the Companies and the Insurance-Related Professionals abroad, in accordance with the following controls:

1)

Observing the principle of reciprocity;

2)

Ensuring that the substance of cooperation does not conflict with the public interest requirements, and public order;

3)

Ensuring coordination with the relevant entities in the State; and

4)

Complying with the provisions of the legislation in force in the State.