Regulatory Alerts2014-01-01
Decision of the Board of Directors No. (46) of 2014
The Financial Regulatory Authority of Egypt issued Decision No. 46 of 2014 to establish strict capital adequacy and operational conditions for insurance companies wishing to launch or manage open-ended investment funds, money market funds, and debt instrument funds. The regulation mandates that applicant insurers maintain specific solvency ratios (110% for property insurers and 105% for life insurers), ensure minimum paid-up capital thresholds, and restrict new policy issuance during capital increase approvals. Existing funds and pending applications must fully comply with these new earmarking and equity requirements by July 1, 2014, following publication in the Egyptian Gazette.
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