Page 99 - SLC PR REPORT - DECEMBER 2024

12/25/24, 1:28 PM New Dubai committee to oversee transfer of commercial control

The Steering Committee is also responsible for making necessary decisions regarding any issues or

disputes that may arise between the authority and regulatory bodies in the event that appropriate

consensual solutions are not reached between the concerned parties, referring such matters or
disputes to The Executive Council of Dubai when necessary.

Additionally, the committee will follow up on the implementation of the plan to transfer commercial

control tasks and operations, monitoring progress, and issuing necessary directives regarding

obstacles and difficulties that may hinder the implementation of the plan at all stages.

Cooperation of govt bodies with Steering 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. The resolution will be effective from the date of its

publication in the Official Gazette.

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