Ministerial Decision Approves Federal Economic Policy Implementation System
Summary
The UAE Ministry of Finance has issued a ministerial decision approving the unified Economic Policy Implementation System (FMIS - Federal Management Information System), establishing standardized financial management procedures for federal entities. The decision, referenced through Federal Decree Law No. 26 of 2019 on economic policy regulation, sets out comprehensive implementation requirements including reporting mechanisms, financial compliance controls, accounting procedures, and audit provisions applicable to all federal government bodies. The system formalizes the FMIS framework for surplus management, payment processing, accounting operations, and institutional coordination across the federal government.
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GovPing monitors UAE MoF Financial Legislation for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 6 changes logged to date.
What changed
The ministerial decision introduces the unified Economic Policy Implementation System (FMIS) as the official framework for federal financial management in the UAE. The decision establishes comprehensive procedures for economic policy implementation including: standardized reporting mechanisms for federal entities, financial compliance and audit controls, accounting standards, payment processing procedures, surplus management protocols, and institutional coordination requirements. The framework applies to all federal ministries and government bodies operating under Federal Decree Law No. 26 of 2019.
Federal entities subject to this decision must ensure compliance with the FMIS procedures for all financial operations, reporting, and accounting activities. The system introduces formalized controls including electronic payment processing through specified banking channels (IBAN/BIC), standardized implementation checklists, and regular reporting obligations to the Ministry of Finance.
Archived snapshot
Apr 28, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
لملا لم
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Named provisions
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