Federal Decree by Law No. (13) of 2023 Establishing and Regulating the Financial Stability Board
Federal Decree by Law No. (13) of 2023
Establishes and regulates the UAE Financial Stability Board/Council to coordinate financial regulatory authorities, assess systemic risks and support the stability and resilience of the national financial system.
Overview
What this legislation covers
Establishes and regulates the UAE Financial Stability Board/Council to coordinate financial regulatory authorities, assess systemic risks and support the stability and resilience of the national financial system.
Who or what it applies to
- The UAE Financial Stability Board/Council and its governance bodies.
- The Central Bank and other financial regulatory authorities.
- Relevant federal and local financial authorities and entities.
- Authorities participating in systemic-risk monitoring and crisis coordination.
Key points
Important points at a glance
Establishes a national body concerned with financial stability.
The body reports to the Cabinet and has legal personality and financial and administrative independence.
Coordinates the Central Bank and other financial regulatory authorities on system-wide stability issues.
Monitors developments and identifies risks that may threaten financial stability.
Supports crisis preparedness, coordination and policy responses.
May propose financial controls, rules and legislative or regulatory measures supporting stability.
Provides for information exchange and cooperation among relevant authorities.
Creates a board/governance structure and provides for a Secretary-General and administrative support.
Supports alignment with international standards and best practices for financial stability.
Practical explanation
Understanding the law
Practical explanation
System-wide focus
The law is about the stability of the financial system as a whole, not the licensing of one bank, insurer or investment firm.
Coordination
Because financial risks can cross banking, securities, insurance and financial-free-zone boundaries, the framework gives regulators a formal coordination mechanism.
Systemic risk
The body can monitor vulnerabilities that may affect multiple institutions or markets and can recommend preventive or corrective policy responses.
Crisis management
A central purpose is to improve preparedness and coordination if financial stress threatens the wider economy.
Institutional role
Day-to-day supervision of individual financial institutions remains with the relevant regulator under sector-specific legislation.
Practical notes
- This is an institutional and coordination law rather than a retail financial-services rulebook.
- Financial institutions remain primarily regulated under the sector laws and regulations of their competent regulator.
- Systemic-risk, crisis-management and information-sharing measures may involve several federal and financial-free-zone regulators.
Legislation text
Text and provisions
Official-text notice. This package provides a structured English rendering based on the official UAE legislation source identified in the manifest. It is not represented as the legally controlling Arabic text. For interpretation and application, consult the original Arabic text and the latest consolidated official UAE legislation.
Verified legislative metadata
| Instrument | Federal Decree by Law No. (13) of 2023 |
|---|---|
| Issued date | See official source |
| Effective date | See official source / commencement provision |
| Status | Active / in force |
| Official Gazette | See official source |
| Official source | UAE Legislation |
Structured rendering of the legislation
Article 1 — Definitions
Defines the Financial Stability Board/Council, its Board of Directors, Chairman, Secretary-General, Ministry of Finance, Central Bank, financial regulatory authorities and other key terms.
Establishment and legal status
Establishes the national financial-stability body as an entity reporting to the Cabinet with legal personality and financial and administrative independence.
Objectives
Focuses on safeguarding stability and resilience of the UAE financial system and supporting sustainable economic development through coordinated oversight.
Mandates
Includes monitoring financial-system developments, identifying systemic risks, assessing vulnerabilities and recommending policies or measures to address threats to stability.
Coordination of regulators
Creates a platform for cooperation among the Central Bank, securities and financial-free-zone regulators and other relevant authorities.
Information and data
Supports exchange of information, analysis and risk assessments required for financial-stability work, subject to applicable confidentiality rules.
Crisis preparedness
Provides a basis for coordination in financial stress or crisis situations and for development of responses that limit systemic disruption.
Board governance
Regulates the composition, competencies, meetings and decision-making of the governing board.
Secretary-General and administration
Provides for executive and administrative support to implement board decisions, prepare studies and coordinate the body's work.
Final and implementing provisions
Authorises the necessary resolutions and arrangements for implementation and ongoing operation of the financial-stability framework.
Verification
Official source & references
Official legislation sourcehttps://uaelegislation.gov.ae/en/legislations/2261Open ↗This page is a research and educational resource. Legislation can be amended, repealed, supplemented by regulations or interpreted by courts and authorities. Obtain advice before relying on it for a live matter.