Regulatory Alerts2015-01-01
Decision No. (91)
The Authority's Board of Directors issued Decision No. (91) to formally approve a legal opinion confirming the Authority's jurisdiction to initiate criminal proceedings. This jurisdiction applies specifically to offenses committed in violation of Law No. (146) of 1988 regarding companies receiving funds and Law No. (54) of 1975 concerning private insurance funds. The decision grounds this enforcement authority in the provisions of Articles Three and Fifteen of Law No. (10) of 2009.
Decision No. (91)
The Council approved the legal opinion concluding that the Authority has jurisdiction to initiate criminal proceedings for offenses committed in violation of the provisions of Law No. (146) of 1988 concerning companies operating in the field of receiving funds and Law No. (54) of 1975 concerning private insurance funds, in light of the provisions of Articles Three and Fifteen of Law No. (10) of 2009.