|
||||||||||||
Hamdan Bin Mohammed Forms Interim Steering Committee To Oversee Transfer Of Commercial Control Operations In Dubai |
||||||||||||
In his capacity as Chairman of the Executive Council of Dubai, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, has issued Executive Council Resolution No. (99) of 2024, forming the Steering Committee for Overseeing the Transfer of Commercial Control Operations in the Emirate of Dubai. The resolution stipulates the formation of an interim committee called the ‘Steering Committee for Overseeing the Transfer of Commercial Control Operations in the Emirate of Dubai’, chaired by the Secretary-General of the Supreme Legislation Committee. Members include: a representative from the Department of Finance, a representative from the Dubai Government Human Resources Department, the CEO of Dubai Corporation for Consumer Protection and Fair Trade, the CEO of the Regulatory Policies and Governance Sector and the CEO of the Legislation and Disputes Sector at the Department of Economy and Tourism in Dubai, and a representative from the government entity authorised under current legislation to carry out commercial control activities in Dubai. Committee’sresponsibilities According to the resolution, the Steering Committee’s powers and responsibilities include:
The Steering Committee is also responsible for:
The Steering Committee is also responsible for:
Cooperation with the Committee The resolution mandates all government entities in the emirate, including regulatory bodies and supervisory authorities in special development zones and free zones, including the Dubai International Financial Centre, to fully cooperate with the Steering Committee, its subcommittees, and its work teams. They must provide data, information, statistics, documents, and studies requested by the Steering Committee within the specified timeframe, which the Steering Committee deems necessary to enable it to perform the tasks entrusted to it under the provisions of this resolution, subsequent resolutions, and applicable legislation in the Emirate. The Chairman of the Steering Committee for Overseeing the Transfer of Commercial Control Operations in the Emirate of Dubai shall issue the necessary decisions, instructions, and directives to implement the provisions of this resolution. Theresolution will be effective from the date of its publication in the Official Gazette. |
||||||||||||