Understanding the Central Bank of UAE's Fitness and Propriety Regulation and Standards

The regulatory landscape in the United Arab Emirates (UAE) is rapidly evolving, and the Central Bank of the UAE (CBUAE) plays a pivotal role in ensuring the stability and integrity of the UAE’s financial system. 

An example of this evolution is the newly enhanced Fitness and Propriety Regulation (Regulation) and accompanying Fitness and Propriety Standards (Standards). The Regulation and Standards set out the CBUAE’s minimum requirements and expectations for Persons who hold Designated Functions to Licensed Financial Institutions (LFIs or Licensees). Good governance protects depositors, policyholders, and key stakeholders. We have observed in some jurisdictions that poor governance and culture affects not only the financial institution involved, but the entire banking system.

In this publication, we cover:

  • A summary of the requirements that need to be met by July 2025
  • Key impacts to consider for LFIs operating in the UAE
  • Steps that LFIs need to take to comply
Download the PDF to learn more

Download the PDF to learn more

We hope you find this update useful. Please feel free to reach out to the team directly should you have any questions.

Click here to download [1731 kb]