UAE central bank issues best practice rules for financial products

Mark Battersby
clock • 2 min read

  The Central Bank of UAE released new regulations for small to medium-sized enterprises (SMEs) aimed at promoting "best practices among licenced financial institutions when engaging with SMEs". The purpose of the regulation was to improve SMEs' access to financial products and services, following the launch of its new regulatory framework for financial consumer protection, the central bank said in a statement on 4 April. The regulation "strengthens governance over the design, promotion and sale of financial products and services, and promotes responsible financing practices and ap...

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