Regulatory Alerts2016-01-01
Board of Directors Decision No. (140) of 2016
The Financial Regulatory Authority Board of Directors appointed a five-member interim board to manage the Private Insurance Fund for Members of the Syndicate of Educational Professions following the invalidation of its general assembly procedures. The interim board is legally mandated to oversee fund operations, disburse member benefits, submit final accounts for the 2016 fiscal year, and convene a general assembly to elect a permanent board. This appointment remains valid for one year or until a permanent board is successfully elected through the prescribed regulatory procedures.
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