Regulatory Alerts2014-01-01
Decision No. (149) of 2014 of the Board of Directors of the Authority Concerning 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
The General Authority for Financial Supervision issued Decision No. (149) of 2014 to dissolve the existing board of directors of the Private Insurance Fund for Members of the Syndicate of Educational Professions and appoint a five-member interim board. The interim board is mandated to elect temporary leadership, disburse accumulated member benefits, oversee fund operations, commission an actuarial financial assessment within two months, and convene an extraordinary general assembly to elect a permanent board within one year. Three of the five interim members are nominated by the Minister of Education, and the decision takes effect the day following its publication in the Egyptian Gazette and on the Authority’s official website.
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