Federal Decree-Law No.6 of 2022 on Cooperatives.

This Decree-Law comprising 32 articles, divided into VII Chapters, aims at (i) enhancing the role of Cooperatives in achieving sustainable development, benefit to their Members, and market balance; (ii) regulating the licensing and operation of the Cooperative sector and its activities in the State; (iii) enhancing the ability of Cooperatives to be self-reliant; (iv) enabling members of society and its different groups to establish Cooperatives; (v) developing non-traditional Cooperative sectors and activities; (vi) enhancing the Governance of Cooperative systems and organization of their work; (vii) achieving the following principles of Cooperatives: voluntary and open membership, Members' supervision, economic participation, awareness, and capacity building, cooperation, attention to community affairs, equal voting power of the Members not related to the number of shares. Article 3 lists the obligations of Cooperatives to achieve the principles of Cooperatives and the objectives of the Decree-Law. Article 5 identifies the following six categories of Cooperatives: (1) Consumer Cooperatives; (2) Production Cooperatives; (3) Employee and professional Cooperatives; (4) Community Cooperatives; (5) Service Cooperatives, including financial, health, educational, and housing Cooperatives; and (6) Digital and platform Cooperatives.
Cooperatives are subject to the governance and institutional discipline system of Cooperatives, whose standards are prepared by the Ministry of Economy and approved by the Cabinet (art.7). Conditions and requirements to become a Member of a Cooperative are dealt with in Article 10. The same article concerns other matters like the register, showing all data regarding Members and the capital for achieving the Cooperative's objectives. The rules for registration of Cooperatives are the subject of Article 11, as well as the Governance system comprising a Board of Directors and the General Assembly.