Regulatory Alerts2020-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. 180 of 2020 Regarding the Private Insurance Fund for Judicial Employees and Ministry of Justice Support Entities
The Financial Regulatory Authority dissolves the interim board of the Private Insurance Fund for Judicial Employees and Ministry of Justice support entities and appoints a new seven-member interim board effective September 29, 2020. This interim board is mandated to fully collect fund revenues, disburse due insurance benefits, prepare the 2020 final accounts, and convene an ordinary general assembly within three months. The assembly must specifically elect a permanent board of directors in accordance with the Authority’s 2015 governance controls for private insurance funds.
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