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2.2 UAE Local Governments and Their Non-Commercial Entities

C 32/2013 GUI

Aggregate funded and unfunded exposures to UAE Local Governments and their non- commercial entities are not permitted to exceed 100% of a bank’s capital base. Within this upper limit, there is no individual cap for exposures to Local Governments however there is an upper limit of 25% for exposure to eachnon-commercial entity in the exposure group.