This Regulation and the accompanying Standards apply to all Banks operating in the UAE. Banks established in the UAE with Group relationships, including Subsidiaries, Affiliates, or international branches, must ensure that the Regulation and the Standards are adhered to on a solo and Group-wide basis.

This Regulation and Standards must be read in conjunction with the Risk Management Regulation and Standards which establish the requirements for Banks’ overarching approach to risk management, and the Central Bank’s Operational Risk Management Regulation and Standards, which establish a number of requirements particularly relevant to Outsourcing, including business continuity planning and disaster recovery.