Regulatory Alerts2005-01-01
Minister of Investment Decision No. 50 of 2005 Amending Certain Provisions of the Executive Regulations of Law No. 54 of 1975 on Special Insurance Funds
The Egyptian Minister of Investment issued Decision No. 50 of 2005 to amend the Executive Regulations of Law No. 54 of 1975 governing Special Insurance Funds. The decision mandates comprehensive updates to the funds' basic statutes, including detailed requirements for membership, governance, contribution schedules, and investment limits capped at specific percentages across government securities, equities, real estate, and bank deposits. It also streamlines registration procedures, establishes supervision fee calculations, defines interim board and liquidation committee protocols, and introduces updated official forms to enhance regulatory oversight and financial transparency.
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