Regulatory Alerts2022-01-01
Decision No. 299 of 2023 on the Formation of Two Committees for Selecting Insurance Company Representatives to the Policyholders and Beneficiaries Guarantee Fund Board
The Financial Regulatory Authority issued Decision No. 299 of 2023 to establish two specialized committees tasked with selecting insurance company representatives for the Policyholders and Beneficiaries Guarantee Fund Board. The Nomination Applications Review Committee will evaluate submissions and ensure procedural compliance, while the Election Supervision Committee will oversee the electoral process and submit a consolidated report upon completion. Both committees operate under the Authority's 2019 Council Decision framework and will report directly to the Senior Advisor and Fund Board.
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