Regulatory Alerts2009-01-01
Board of Directors Decision No. (49) of 2009
The Board of Directors issued Decision No. 49 of 2009 to establish implementation guidelines for Decision No. 102 of 2008 concerning licensing insurance calculations for securities market companies. The regulation mandates that for firms authorized to conduct multiple activities with differing insurance rates, the highest applicable rate must be applied to the company's total capital. Any insurance premiums collected in excess of this calculated amount are required to be refunded to the licensee.
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