Regulatory Alerts2021-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. 173 for 2021 Regarding the Private Insurance Fund for Employees of Judicial Authorities and Their Auxiliary Bodies at the Ministry of Justice
The Financial Regulatory Authority of Egypt issued Decision No. 173 for 2021 to appoint an interim board of ten members for the Private Insurance Fund serving judicial authorities and their auxiliary bodies at the Ministry of Justice. The interim board is mandated to collect revenues, disburse member benefits, prepare 2021 final accounts, and convene an ordinary general assembly to elect a permanent board while adhering to established governance standards. All conflicting prior provisions are repealed, and the decision takes effect the day following its publication on the Authority's website and in the Egyptian Gazette.
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