United Arab Emirates: Regulatory Alert: Escrow Accounts Mandated - BSA Ahmad Bin Hezeem & Associates LLP

The United Arab Emirates Central Bank (CBUAE) have issued Notice No. CBUAE/BSD/2022/4708, dated 22 November 2022 in respect of "Activating the Requirements of Escrow Account for Funds & Premiums of Insurance Companies" (the "Notice").