Cabinet Resolution Regarding the Creation of a Register for Registration of Rights on Movable Property
The last update on this law was listed on 01 Mar 2018
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Article (1) Creation of Register
An electronic register under the name of “Register for Registration of Rights on Movable Property” shall be created for registering the rights on movable property in accordance with the above-mentioned Federal Law No. (20) of 2016.
Article (2) Management and Control of the Register
Emirates Development Bank (EDB) shall manage, oversee, and afford the creation expenses of the Register and everything related to providing its services effectively according to the Executive Regulations of the above-mentioned Federal Law No. (20) of 2016.
Article (3) Entry Into Force & Publication
This Resolution shall enter into force from the date of its issuance. It shall be published in the Official Gazette.
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