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Sunday 03 March 2024


Sunday 03 March 2024

CBUAE: "FATF" Announcement of UAE Completion of the Requirements is a Testament of Concerted National Efforts to Combat Money Laundering and Terrorism Financing

Press Release

Tuesday 06 February 2024


Tuesday 06 February 2024

CBUAE revokes the licence and registration of Smart and Secure Insurance Agent

Press Release

Monday 05 February 2024


Monday 05 February 2024

CBUAE launches the fifth cohort of the Executive Certificate for Risk-Based Supervision Professionals

Press Release

Wednesday 31 January 2024


Wednesday 31 January 2024

CBUAE Maintains the Base Rate at 5.40%

Press Release

Tuesday 30 January 2024


Tuesday 30 January 2024

CBUAE imposes a financial sanction of AED 1.2 million on an insurance company operating in the UAE

Press Release

Monday 29 January 2024


Monday 29 January 2024

Mansour bin Zayed witnesses UAE Central Bank's Golden Jubilee

Press Release

Tuesday 16 January 2024


Tuesday 16 January 2024

Summary Report - Monetary Banking Developments - November 2023

Press Release

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Sandbox Initiatives

Banking Sandbox Regulatory Environment

The Central Bank of the UAE has signed two separate MOUs with ADGM and DIFC to introduce a co-sandbox programme to enable FinTech companies to test their innovative solutions under the existing sandbox programme.

Insurance Sandbox Regulatory Environment

The objectives of the Insurance Sandbox Regulatory Environment are to:

Contribute to achieving the UAE Vision 2021, which aims to create a competitive knowledge economy based on innovation, and qualifying the CBUAE to understand the products to be introduced, identify associated risks and to seek to guarantee customer satisfaction.

Transform the UAE insurance market into a smart insurance market

Support emerging Emirati FinTech companies.

Create an attractive environment for the insurance sector using innovative systems, making it a platform for interaction with FinTech companies.

Improve the regulatory framework, and contribute towards economic growth and risk management.

Sandbox process

Eligibility Criteria

To apply to join the Insurance Sandbox Regulatory Environment, your product, service, software or business model must meet the following criteria:

  • To be related to insurance products and/or services that fall under the jurisdiction and supervision of the insurance function of the CBUAE

  • To be innovative, in terms of the technology used

  • To prove its benefit to insurance proposers (for example, promoting growth, efficiency, risk management, providing wider options, etc.)

  • To require testing in the experimental environment

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Last updated on: Thursday 28 July 2022

Total visitors 3227