This Regulation applies to all Banks operating in the UAE and all of the bank’s current and potential shareholders. Banks established in the UAE with significant Group relationships, including Subsidiaries, Affiliates, or international branches, must ensure that the Regulation is adhered to on a solo and Group-wide basis.

The branches of international Banks operating in the UAE are required to only notify the Central Bank when there is any change in significant/controlling shareholders (as per the definitions included in this Regulation) of the parent entity.