Book traversal links for Article (113) Accounts of Licensed Financial Institutions
Article (113) Accounts of Licensed Financial Institutions
Fed Law 14/2018 Issued on 1/10/20181) Branches of foreign Licensed Financial Institutions shall maintain separate accounts for all their operations in the State, including the balance sheet and profit & loss account.
2) Branches and sections of a local or foreign Licensed Financial Institution operating in the State, shall, for the purposes of bookkeeping, constitute one financial institution.