Federal Decree-Law No. 36/2023 Regulating Competition
Abrogates
Federal Law No. 4/2012 dated 10/10/2012
We, Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates,
Having reviewed:
The Constitution;
Federal Law No. 1/1972 on the Competences of Ministries and the Powers of Ministers, as amended; and
Federal Law No. 4/2012 Regulating Competition; and
Based on the Proposal submitted by the Minister of Economy, and the approval thereof by the Cabinet,
Hereby enact the following Decree-Law:
Article 1 - Definitions
For the purpose of applying the provisions of this Decree-Law, the following words and expressions shall have the meanings assigned thereto respectively, unless the context requires otherwise:
The State: The United Arab Emirates.
The Ministry: The Ministry of Economy.
The Minister: The Minister of Economy.
Relevant Authority: The competent local authority.
Sectoral Regulatory Agencies: The federal authorities empowered, under their governing legislation, to regulate, monitor or supervise a certain economic sector in the State.
Competition: Carrying out economic activities according to the market mechanisms without affecting or restricting such mechanisms, which would cause harms to trade, development and consumer's interest.
Relevant Market: A market which consists of two elements; namely: