Regulatory Alerts2019-01-01
Decision No. (179) of 2019 on Forming Two Committees to Implement Procedures for Selecting Insurance Representatives to the Policyholders Guarantee Fund Board
The Financial Regulatory Authority (FRA) of Egypt issued Decision No. (179) of 2019 to formally establish two committees tasked with implementing procedures for selecting insurance companies' representatives to the board of the Policyholders and Beneficiaries Guarantee Fund. The first committee will examine candidacy applications, while the second will supervise the election process and manage the handover of work documents and final reports within the deadlines set by the Authority's Board Decision No. 3 of 2019. Both committees operate under the direct oversight of the FRA's Assistant Chairman and must submit their final results upon completing their assigned duties.
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