Regulatory Alerts2018-01-01
Decision of the Board of Directors of the Authority No. (166 bis) of 2018
The Financial Regulatory Authority issued Decision No. (166 bis) of 2018 to appoint an interim five-member Board of Directors for the Private Insurance Fund for Mutual Coverage of Members of the Traders Syndicate following the dissolution of its previous board. The interim board is mandated to elect temporary leadership, disburse outstanding member benefits, oversee fund operations, and convene an extraordinary general assembly to elect a permanent board and approve the 2017 final accounts within three months. Additionally, the decision mandates strict compliance with asset liquidation procedures to satisfy member obligations under Article 12 of Law No. 54 of 1975.
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