Regulatory Alerts2015-01-01
Decision No. (46) of 2015 of the Authority's Board of Directors Regarding the Interim Board of Directors for the Private Insurance Fund for Members of the Syndicate of Educational Professions
The Egyptian Financial Supervisory Authority issued Decision No. 46 of 2015 to appoint Mohamed Hussein Gomaa to the Interim Board of Directors of the Private Insurance Fund for Members of the Syndicate of Educational Professions. This appointment fills the vacancy created by Mostafa Kamel Mahran's resignation and covers the remainder of the current board's term. The decision takes effect immediately upon issuance and mandates publication in the Egyptian Gazette, on the Authority's website, and implementation by relevant authorities.
Board of Directors Secretariat
Decision of the Authority's Board of Directors
No. (46) dated 19/4/2015
Regarding the Interim Board of Directors for the Private Insurance Fund for Members of the Syndicate of Educational Professions
The Board of Directors of the Egyptian Financial Supervisory Authority;
Having reviewed the Law on Private Insurance Funds issued by Law No. (54) of 1975 and its Executive Regulations; And on the Law on Supervision and Control of Insurance issued by Law No. (10) of 1981, its amendments, and its Executive Regulations and amendments; And on Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments; And on Presidential Decision No. (192) of 2009 issuing the Statute of the Egyptian Financial Supervisory Authority; And on the Authority's Decision No. (27) of 1993 regarding the registration of the Private Insurance Fund for Members of the Syndicate of Educational Professions; And on the Authority's Board of Directors Decision No. 149 dated 3/11/2014 regarding the dissolution of the Board of Directors of the Private Insurance Fund for Members of the Syndicate of Educational Professions and the appointment of an interim board of directors for the Fund, amended by Board Decision No. 162 dated 3/12/2014; And on the memorandum from the Central Administration for Supervision and Control of Private Insurance Funds dated 3/3/2015; And on what was approved by the Authority's Board of Directors in its meeting held on 19/4/2015.
Decided
(Article One)
Mr. Mohamed Hussein Gomaa is appointed as a member of the Interim Board of Directors for the Private Insurance Fund for Members of the Syndicate of Educational Professions, for the remaining period of the current board's term, in place of Mr. Mostafa Kamel Mahran, who submitted his resignation from the board membership.
(Article Two)
This Decision shall take effect from the date of its issuance and shall be published in the Egyptian Gazette, on the Authority's website, and implemented by the relevant authorities.
Chairman of the Board of Directors
Sherif Samy
Egyptian Financial Supervisory Authority Egyptian Financial Supervisory Authority