أسئلة قانونية إماراتية عامةDecree No. (21) of 2011

Article (1) The Chairman of the Executive Council and his First Deputy shall be delegated the power to authorise Government entities to open bank accounts with the financial institutions operating in the Emirate of Dubai, based on the recommendation of the Department of Finance.

Article (2) Government entities may not open any bank account with financial institutions within or outside the Emirate until the authorisation mentioned in Article (1) above has been obtained.

Article (3) ©2014 The Supreme Legislation Committee in the Emirate of Dubai 1Every effort has been made to produce an accurate and complete English version of this legislation. However, for the purpose of its interpretation and application, reference must be made to the original Arabic text. In case of conflict the Arabic text shall prevail.

-- 1 of 2 --

Decree No. (21) of 2011 Authorising Government Entities in the Emirate of Dubai to Open Bank Accounts Page 2 of 2 This decree shall supersede the above-mentioned Decree No. (8) of 2007. Any provision in any other legislation shall be repealed to the extent that it contradicts the provisions of this Decree.

Article (4) This Decree shall come into force on the day on which it is issued and shall be published in the Official Gazette. Mohammed bin Rashid Al Maktoum Ruler of Dubai Issued in Dubai, on 22 June 2011 Corresponding to 20 Rajab 1432 A.H.

-- 2 of 2 --