Legislation Details
- Full Title: Cabinet Resolution Extending the Period for Status Regulation for those Subjected to the Provisions of Federal Decree by Law Concerning Electronic Transactions and Trust Services
- Law Type: Federal Decree-Law
- Law Number: Cabinet Resolution No. (8) of 2023
- Issued Date: 06 Feb 2023
- Effective Date: 06 Feb 2023
- Official Gazette: No. 748
- Sector: Justice and Judiciary
- Status: Active
- Number of Articles: 5
- Chapters/Parts: 0
- Amendments: 0
Summary
This Cabinet Resolution extends the period for status regulation for those subjected to the provisions of Federal Decree-Law No. (46) of 2021 Concerning Electronic Transactions and Trust Services. The resolution grants an additional one-year extension, starting from January 2, 2023, for affected parties to comply with the requirements of the Federal Decree-Law. This extension aims to provide more time for businesses and individuals to align their operations and practices with the regulatory framework governing electronic transactions and trust services in the UAE. (Cabinet Resolution Extending the Period for Status Regulation, 2023, Art. 1) The resolution is significant for businesses and individuals engaged in electronic transactions and trust services in the UAE, as it allows them more time to adapt to the compliance requirements without facing potential penalties or other enforcement actions. This extension demonstrates the UAE government's commitment to supporting the digital economy and ensuring a smooth transition for affected parties to operate within the established legal parameters. (Cabinet Resolution Extending the Period for Status Regulation, 2023, Art. 1)
What is the scope and purpose of this law?
The scope of this Cabinet Resolution is limited to extending the period for status regulation for those subjected to the provisions of Federal Decree-Law No. (46) of 2021 Concerning Electronic Transactions and Trust Services. The purpose of the resolution is to grant an additional one-year extension, starting from January 2, 2023, for affected parties to comply with the requirements of the Federal Decree-Law. (Cabinet Resolution Extending the Period for Status Regulation, 2023, Art. 1)
How does this law interact with other UAE legislation?
This Cabinet Resolution is directly related to and amends the provisions of Federal Decree-Law No. (46) of 2021 Concerning Electronic Transactions and Trust Services. Specifically, it extends the period for status regulation stipulated in Article (50) of the Federal Decree-Law. (Cabinet Resolution Extending the Period for Status Regulation, 2023, Art. 1)
When did this law come into effect?
This Cabinet Resolution came into effect on February 6, 2023, the date it was issued. The resolution extends the period for status regulation starting from January 2, 2023, for an additional one-year period. (Cabinet Resolution Extending the Period for Status Regulation, 2023, Art. 1)
Source Documents
This article analyses Cabinet Resolution Extending the Period for Status Regulation for those Subjected to the Provisions of Federal Decree by Law Concerning Electronic Transactions and Trust Services for legal research and educational purposes. For the purpose of interpretation and application, reference must be made to the original Arabic text. In case of conflict, the Arabic text prevails. This does not constitute legal advice.