Regulatory Alerts2017-01-01
Decision No. 68 of 2017 of the General Authority for Financial Supervision Board Regarding Appendix No. 1 on Controls for the Component Reserve, Amended 20 June 2019
The General Authority for Financial Supervision Board of Directors issued Decision No. 75 of 2019 to amend Decision No. 68 of 2017 regarding Appendix No. 1 on controls for the component reserve. This amendment replaces the original texts of Articles One and Two with updated regulatory provisions governing reserve utilization. The revision aligns the appendix with the Authority’s updated supervisory framework effective 20 June 2019.
Decision of the Board of Directors of the General Authority for Financial Supervision No. (68) of 2017 dated 2017/5/23 Regarding Appendix No. (1) Issued Concerning Controls for the Use of the Component Reserve Pursuant to Last Amendment dated 2019/6/20 By Decision of the Board of Directors of the Authority No. (27) of 2017 Pursuant to Board of Directors of the General Authority for Financial Supervision
The Decision was amended by Decision No. 75 of the Board of Directors of the Authority dated 2019/6/20 1
Resolved (Article One) 2 (Article Two)
The texts of Articles One and Two were replaced by Decision No. 75 of the Board of Directors of the Authority dated 2019/6/20 2