Book traversal links for Article (7) : Enforcement and Sanctions
Article (7) : Enforcement and Sanctions
C 18/2021 Effective from 15/12/2021Violation of this Regulation may be subject to supervisory action and sanctions as deemed appropriate by the Central Bank.
Without prejudice to the provisions of the Central Bank Law, supervisory action and sanctions by the Central Bank may include withdrawing, replacing or restricting the powers of the members of the board, providing for the interim management of the Bank, or barring individuals from the UAE banking sector.