Regulatory Alerts2023-01-01
Decision of the Chairman of the Authority No. (1478) for 2023 Regarding the Reconstitution of the Committee for Examining and Reviewing Licensing Applications for Establishing New Private Insurance Funds and Requests to Amend Their Bylaws
The Financial Regulatory Authority issued Decision No. 1478 of 2023 to reconstitute the committee responsible for examining and reviewing licensing applications for establishing new private insurance funds and amending their bylaws. The newly formed committee, chaired by Deputy Chairman Dr. Salam Azzam and comprising seven designated experts and administrators, is tasked with evaluating responses from relevant departments and submitting approved results to the committee chair. This decision supersedes Decision No. 1553 of 2022 and takes effect immediately upon issuance, directing all competent administrations to implement its provisions.
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