Regulatory Alerts2019-01-01
Board of Directors Decision No. (103) of 2019
The Financial Regulatory Authority (FRA) of Egypt issued Decision No. 103 of 2019 to extend the compliance deadline for Takaful insurance companies until February 24, 2020. The decision mandates that any Takaful insurer seeking to regularize its operations must submit a detailed work plan with a timeline and compliance measures to the FRA by September 30, 2019. This extension aligns with the regulatory framework established under the Authority's Board Decision No. 23 of 2019 governing Takaful insurance in the Egyptian market.
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