Regulatory Alerts2023-01-01
Decision of the Chairman of the Authority No. (1469) for 2023
The Financial Regulatory Authority's Chairman issued Decision No. (1469) of 2023 to reconstitute the Committee for Adjudicating Applications of Private Insurance Funds by appointing non-member experts in investment or insurance. The decision specifies a seven-person committee structure, including a deputy chairman and six members, with clear quorum requirements, voting procedures, and technical secretariat duties. It repeals the previous 2022 decision (No. 1554) and mandates that competent authorities implement the new framework effective from its issuance date.
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