The new rules, announced by UAE Government on 8 January 2007, raised the bank guarantee on registering the broker for the main branch from AED300,000 to AED1 million and AED150,000 to AED500,000 for each branch.
The President of the UAE His Highness Shaikh Khalifa Bin
Zayed Al Nahyan has issued Federal Decree No 9 for 2016 that concerns
bankruptcy.