UAE: Dubai International Finance Centre Enacts News Intellectual Property Regulations

Gulf News (United Arab Emirates), 6 July 2021: The Dubai International Financial Centre has announced it has enacted new Intellectual Property Regulations.

They came into force on 5 July.

They provide clarity on the powers and functions of the Commissioner of Intellectual Property. They also outline the process for filing intellectual property infringement complaints, inspections and investigations in connection with violations of the Intellectual Property Law.

In addition, they cover the issuing of directions by the Commissioner, along with the specifics which must be contained in the directions.

A Register of Experts is also going to be established and the Commissioner may appoint them to assist in investigating complaints.

Finally, the Commissioner will be able to cooperate with Federal and local authorities to protect intellectual property rights across each of their respective jurisdictions.

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UAE: Written Warnings Issued to Establishments Violating Real Beneficiary Decision

Emaratalyoum, 2 July 2021: The UAE’s Economy Ministry together with the relevant licensing authorities in the country have started implementing the first phase of administrative penalties under Cabinet Decision No. 58/2020.

These involve written warnings being issued to establishments who violate the Decision on the regulation of the procedures for real beneficiaries.

Affected entities had to comply with the Decision by 1 July.

The second phase of the Decision being implemented will start on 8 July and will see entities who fail to comply with the Decision fined in line with Cabinet Decision No. 53/2021.

For full story see https://www.emaratalyoum.com/business/local/2021-07-02-1.1509506.

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UAE: New Working Permits to be Issued with Golden Residency Holders

Alroeya, 1 July 2021: The UAE’s Human Resources and Emiratisation Ministry has announced it will issue working permits to golden residency holders.

The new work permit covers three categories.

These are unemployed people, people who want to renew their existing working permit and people who want to work for a different employer.

It has been issued as part of a Cabinet Decision which allowed work permits to be issued to Golden Residency holders.

The same rules and procedures related to the issuing of work permits and contracts apply to dependents registered on their parents’ residency, if they are applying for work and are Golden Visa holders.

Work permits and contracts concluded between employers and workers who receive the Golden Residency will remain valid, and subject to all applicable UAE legislations.

Prescribed fees and applicable fees for work permits for those outside the country, as well as fees for renewing and amending work permits and contracts, will also apply to Golden Residency holders.

For full story, click here.

Additional reporting from the Emirates News Agency on 1 July 2021.

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Sharjah: Human Resources Law for Civilians Approved

Sharjah’s Ruler has issued Sharjah Law No. 3/2021 on human resources for civilians in statutory bodies in the Emirate.

Among other things, there are provisions on human resources affairs for civilians in terms of filling jobs, appointments and conditions, training, promotions and their mechanisms and job duties and prohibitions.

It will apply to the Sharjah Police General Command, Sharjah Police Science Academy, The General Directorate of Civil Defence and any other entity added to this list of entities by an Executive Council Decision.

It will apply to the civil servants of the statutory body in line with the budget allocated to them by the Government. Non-citizen employees of the statutory body will be subject to the contracts concluded with them in line with the approved forms and the provisions which apply to them in this law and regulation.

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UAE: Guidance on Anti-money Laundering and Terrorist Financing Issued

The UAE’s Central Bank has issued guidance on anti-money laundering and terrorist financing for its Licensed Financial Institutions who provide services to the real estate, precious metals and stones sectors. It came into force on 20 June.

It will help understand and mitigate risks as well as ensure Licensed Financial Institutions fulfil their statutory obligations under Federal Decree-Law No. 20/2018 and Cabinet Decision No. 10/2019.

They should take the standards issued by the Financial Action Task Force into account as well.

Under the guidance, Licensed Financial Institutions have to perform appropriate customer due diligence in all customer dealings and report any behaviour they reasonably suspect may be linked to money laundering, terrorist financing or a criminal offence by submitting suspicious activity reports to the UAE’s Financial Intelligence Unit directly. They should do so through the goAM portal.

They should assess the associated money laundering and terrorist financing risks and develop an effective programme which encompasses a competent compliance officer and provide training for their employees on these risks.

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UAE: Genomics Council to be Established

The UAE’s Vice President and Prime Minister and Dubai Ruler has approved the establishment of a UAE Genomics Council.

It is being established to help the country provide a world-class healthcare system.

It will be led by the Chairman of the Abu Dhabi Executive Office.

It will regulate, oversee and guide the implementation of the Emirati Genome Programme in the country’s healthcare system.

It is being established to help the UAE carry out therapeutic and preventative programmes to help reduce the prevalence of genetic disorders, disabilities and mortality rates.

It will also oversee the execution of Government genomic programmes and propose legislation to govern the field together with health regulators across the country.

In addition, it will regulate data acquisition and storage and establish a system for issuing ethics and consent approvals for all genomics programmes.

It will support technology start-ups and companies and build partnerships with world-leading technology firms to drive cutting-edge genomics research as well and support new innovative therapies for rare and chronic diseases and develop technical training and graduate programmes and knowledge incubators to build the next generation of omics professionals.

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